Caroline Ellison Begins Two-Year Prison Sentence in Danbury for Role in FTX Fraud

Caroline Ellison, a former top executive in Sam Bankman-Fried’s FTX cryptocurrency empire and ex-co-CEO of Alameda Research, began her two-year prison sentence at the Federal Correctional Institution in Danbury, Connecticut. Ellison's involvement in the fraud, which cost investors, lenders, and customers billions of dollars, has led to $11 billion in forfeitures and three years of supervised watch post-release.

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