5 ms·
SEC obtains final consent judgments against former FTX and Alameda executives
- tetrisgm 9mo ago[flagged]
- olalonde 9mo agoShe's probably one of the most hated person in crypto...
- arwt 9mo agoThere are hundreds of shady crypto projects in the world right now, each one shadier than the last. World order is out of the door, and has been for a while -- they are all probably fighting amongst themselves to get her onto their board ASAP.
- clarkrinker 9mo ago[flagged]
- sizzle 9mo agoRead her archived blog she was into freaky stuff
- mlrtime 9mo agoJust add in AI and you hit internet karma jackpot.
- SilverElfin 9mo ago> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also consented to a 10-year officer-and-director bar, and Wang and Singh consented to 8-year officer-and-director bars. That’s a really light sentence for someone who defrauded people out of billions. Meanwhile many languish in prison for a lot less. It’s a two tier justice system, and the wealthy can get out of consequences with the right connections or donations. Next up, Elizabeth Holmes - once her family donates enough to the MAGA PAC.
- moralestapia 9mo ago100% Even if you "cooperate", that shouldn't be an 80-90% sentence reduction. She was part of the fraud, consciously, for years!
- cortesoft 9mo agoEven if we all agree this is true, you still have to think practically. If we don't give a big incentive to turn on your co-conspirators, no one will turn and you might not be able to convict any of them.
- moralestapia 9mo ago>Can someone think of the criminals? SBF was toast with or without Ellison's testimony. It should be the other way around. You get 10 years. You don't want to cooperate? Great! You get another 10.
- paulpauper 9mo agoSBF got no more than 25. there is no way she would have gotten more than that.
- edmundsauto 9mo agoAs I understand it, intent matters a lot, and that is typically through the testimony of people who had access to SBF in an environment where he was comfortable speaking candidly. Those people are often accomplices. Sometimes the medium large fish get off if they chop up the big fish. There are the way things should be, and there are the way things are.
- xnx 9mo ago> That’s a really light sentence for someone who defrauded people out of billions I don't excuse anything that she did, but didn't 98% of investors get everything back with interest?
- treetalker 9mo agoMismatch of title; linked article is not about her release. For that, see https://news.ycombinator.com/item?id=46728538 https://news.ycombinator.com/item?id=46728538 But it's true: master has given Dobby a sock
- olalonde 9mo agoYes she cooperated and pleaded early, but damn, she got off easy compared to SBF.
- akerl_ 9mo agoIt turns out sentencing cares whether you’re cooperative and contrite or you stand by having done nothing wrong.
- jMyles 9mo ago...the primary effect of which is that fewer than 4% of criminal cases go to trial, and our prison, parole, and probation systems are full of people who pled to crimes they did not commit, and poison trees of evidence are intentionally and ruthlessly planted without challenge or consideration by a jurist.
- 9x39 9mo agoThe majority of cases don’t go to trial because the majority of cases are hopeless for the defendants. Law-abiding citizens wouldn’t have a 50% recidivism rate. While it’s admirable to push back against the state, not all defendants earn our sympathy in their plight.
- Braxton1980 9mo ago>Law-abiding citizens wouldn’t have a 50% recidivism rate. What if being incarcerated has an affect on this value?
- rayiner 9mo ago[flagged]
- 93po 9mo agoIt unquestionably does - it turns out destroying your job prospects for life, removing a major contributor to a household for years, and destroying family relations in the process lends itself to continuing having strife in your life, or having strife when you previously had none
- cosmicgadget 9mo agoFuture federal reserve chair Caroline Ellison.
- paulpauper 9mo agofuture linkedin influencer,future fail-forwarder
- _boffin_ 9mo agoRead this and started to laugh and then got sad.
- DANmode 9mo ago“Hey, she’s got great experience in that world, and is obviously very smart!”
- sam_lowry_ 9mo agoAlso her parents are economics professors
- StanislavPetrov 9mo agoOnly after she finishes filming the next Lord of The Rings trilogy.
- sizzle 9mo agoPrecious?
- ripped_britches 9mo agocomma in the title would be nice!
- decimalenough 9mo agoLink does not actually say anything about Ellison being released? Try this instead: https://www.theguardian.com/technology/2026/jan/22/ftx-crypto-executive-caroline-ellison-prison-release https://www.theguardian.com/technology/2026/jan/22/ftx-crypt...
- yellow_lead 9mo agoIs it true she still owes billions to the federal government?
- wmf 9mo ago$11B!
- arduanika 9mo agoThe reduced sentences for Ellison, Wang, and Singh make sense in light of their cooperation. This is how plea deals work. The conviction of SBF seems simple in retrospect, but when the SDNY inked these deals, they did not yet know how just easy SBF would make their case for them, with all the tampering and perjury and obstinance. Nonetheless, we should not be fooled by a sort of "Svengali defense", where Caroline or the others claim that they were beguiled by a dark charismatic genius who forced them into the crimes. The entire inner circle is super guilty of flagrant crimes. The shorter sentences are an artifact of plea bargains, and not a sign of lesser guilt.
- tim333 9mo agoDunno. If you have a bad boss telling the employees to do bad stuff I blame the boss mostly.
- Mistletoe 9mo agoI’m still amazed Sam Trabucco got absolutely nothing. Stepped away in August 2022 as Co-CEO with Ellison and we are supposed to believe he was innocent and knew nothing?
- penguin_booze 9mo agoNearly every thug in the country is being pardoned. Are these not thug enough for the chief?
- dalemhurley 9mo agoShoplift get 5 years, defraud investors of $1.8b, get just over a year, justice at its best.
- Clark3232 9mo ago[dead]
- Mirgova8 9mo ago[dead]