Lawyer defends former Alameda CEO, saying he actively cooperated with debtors in asset recovery and provided testimony in SBF trial, and should not go to jail

According to the lawyer, Caroline Ellison, the former CEO of Alameda Research in the FTX explosion incident, should not be imprisoned for her role in the collapse of FTX. He advocated that she be sentenced to a period of imprisonment and then executed on probation. The reason is: Caroline Ellison has been cooperating with the government and FTX debtors, and her testimony in Sam Bankman-Fried's trial last year was helpful. "There is no risk of recidivism and no threat to public safety. Therefore, considering Caroline's early disclosure of crimes, uncompromising responsibility, and most importantly-her extensive cooperation with the government, granting leniency will help respect the law." Caroline Ellison will be sentenced in a New York court on September 24. The fraud charges against her include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. In March of this year, former FTX CEO Sam Bankman-Fried was found guilty of seven counts of fraud and conspiracy and sentenced to 25 years in prison. (The Block)