Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.
Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.
As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.
Coincidentally I just finished the Behind the Bastards update episode on the Bankman-Fried case from back in 2023. Apparently her diary was leaked by Sam to the press in an attempt to discredit her testimony which backfired on him lmao.
Good to see her also receive consequences.
if you haven’t seen it yet Coffeezilla on yt has made good videos on it and even went to the courtroom to watch it in person
She commited the ultimate crime: stealing from rich people
she was stealing from cryptobros which is pretty funny and morally neutral, because cryptobros don’t deserve having money
Wasn’t this lady also playing the role of fucktoy for him? Those two going at it doesn’t conjure a positive mental image.
Worse, on her blog she conceived of herself as the chief consort in his harem in between sharing her thoughts on race science and Harry Potter house sorting quizzes.
I can forgive stealing billions, but I draw the line at being a Harry Potter adult.
What’s the harm in a little bit of Arson, Murder, and Jaywalking?
If I say that’s weird will someone from hexbear appear to tell me I’m kink shaming?
Nah it’s weird. Like it’s fine if the first part is your kink. It’s not even super rare, but firstly him? Secondly the race science. Thirdly, fuck y’all are bad at poly, like worse at poly than the people constantly talking about poly.
Thirdly, fuck y’all are bad at poly, like worse at poly than the people constantly talking about poly.
You are not kidding. I nearly forgot about this story and the absolutely gross and unethical sexual practice at work here. From the article linked earlier:
“None of this non-hierarchical bullshit,” the account elaborated. “Everyone should have a ranking of their partners, people should know where they fall on the ranking, and there should be vicious power struggles for the ranks.”
For those following along: if you browse the existing literature on poly practice, this uncompassionate practice doesn’t show up anywhere. These animals were using the “poly” term as a fig-leaf for their Lord of the Flies inspired, libertine, thunderdome-style non-monogamy. I’d even hesitate to call it a cult, only because it just seems so incredibly unstable as a concept. These are the people your polycule will warn you about.
No wonder these people fleeced others for billions. There’s having a skewed moral compass, and then there’s having a huge vacuum where a conscience and empathy should be.
“None of this non-hierarchical bullshit,” the account elaborated. “Everyone should have a ranking of their partners, people should know where they fall on the ranking, and there should be vicious power struggles for the ranks.”
So polyamory, but fascist
Yeah I’ve been practicing hierarchical poly for years, all of my current relationships began polyamorous. Hierarchical relationships are fine, it’s far more of a “her and I are on the ‘move in and marry’ path, and you have a husband and kids, our relationship is obviously the less important for both of us” type deal. Ranked competitive nonmonogamy is fucking insane. Like, it seems like an amazing way to make yourself absolutely fucking miserable and to deny yourself the comforts of love while pretending to be pursuing more of it.
I really can’t grasp how someone decides to do this
Nah, as near as I can tell that group is vigorously in favor of suspending all human rights for capitalists, so regardless of their views on kink I think they’d be inclined to let the comment slide.
The picture of her, wow. She’s only 30 and the pictures of her before the trial are much more inline with a 20 something. She’s going to look like a 60 year old when she’s done doing her time.
How does she look both 12 and 50?
Goblin
Did I read it right that he got 25 years, and she got 110? And the 110 was a reduction after testifying against him?
“She had faced a maximum sentence… of 110 years in prison.” She got 2, but the max would have been 110.
Thanks, that’s much clearer.
She got 2 according to the headline
Lol, thanks. I read the article, but not the headline, apparently.
Headline rewrite because I had to read it 5 times to understand it:
Caroline Ellison, who then helped now
convitedconvicted Sam Bankman-Fried in his FTX crypto fraud, is herself convicted and sentenced to two years for fraudedit: fixed spelling thanks @shutz@lemmy.ca
but she also spilled beans on SBF, that’s why she’s got only 2 years and not 25 like SBF despite being equally deep in the fraud
Not equally deep:
Her sentence was lower because she 1. regretted it and 2. didn’t profit from the fraud according to the judge
“She was also ordered to forfeit more than $11bn (£8.2bn) to the court.”
That sounds like profit to me. It was the cooperation with the court that really did it.
on top of these 11 billion dollars recovered, meaning that these were stolen, she also lived rent free in whatever bahamas mansion was bought with sbf’s money, with all their ranked competitive polycule roommates
it’s 100% cooperation with the court that cut down sentence that hard
Reread your attempt again.
Saw the spelling mistake, thanks! It is now even more clear that she wasn’t sentenced to fraud because she helped convict Sam Bankman-Fried, but because of her own actions in committing fraud at the same time.
I think you may have misunderstood the headline.
It’s not supposed to be “now convicted”. She helped the lawyers make a case against SBF. She helped in the process of convicting him. She helped convict him. It’s true that she did also help him do the naughty things but that’s not what this headline is saying.
Your version of the headline does not convey this aspect.
Well I know what prison gang her eugenicist ass is pledging
She reminds me of Janet Fist, vigilante receptionist
And to think she was allegedly getting more play than I have my whole life. Bizarre
It’s probably your personality.
It usually is
It most definitely is, but I understand that. I haven’t personally defrauded people or tried to start a weird harem cult with a bunch of horned up crypto bros. I’m an asshole, yeah, and I understand that makes me undesirable. I just feel like morally, she’s shittier than I am
You haven’t started one yet
See this energy right here, I like.
It most definitely is, but I understand that. I haven’t personally defrauded people or tried to start a weird harem cult with a bunch of horned up crypto bros. I’m an asshole, yeah, and I understand that makes me undesirable. I just feel like morally, she’s shittier than I am
This could be one of the lamest attempts to bail one’s self out that I’ve ever seen.
And to think she was allegedly getting more play than I have my whole life. Bizarre
You should have just deleted your original comment, as you know exactly what dig you were making, and that it had absolutely nothing to do with differences in ethics.
Don’t piss on my leg and tell me it’s raining.
I feel you’re implying that I was insulting her looks. It’s a fair assumption, but it’s incorrect. Insulting her appearance is shallow and lazy and she has limited control over her looks, besides, I would be inadvertently insulting anyone else who happens to look like her. I am insulting her personality. She’s a vile person who treats people like garbage, that can be seen through her messages and posts that got exposed through this whole ordeal.
I’m implying nothing.
telling you exactly that your original comment is you taking a shot at her based on her looks. Absolutely no one is buying your alternate explanation.
Your attempt to backpedal from it makes you look even more weak than your original comment.
All of this easily overshadows your unprompted declaration that you don’t get laid much.
Sure, I’ve tried my best to explain away the assumption and it seems I’m not getting anywhere. have a good one!
Na it’s always a case of dick too big
edit: lol damn I guess I needed to include the “/s” for people to know my comment was satirical 😂🍻
Definitely isn’t
Idk hers is really bad.
The big thing is she found her people. Weird losers who were into a crypto securities crime polycule, but hey, that’s who she was and who she was interested in.
