- Yes she cooperated and pleaded early, but damn, she got off easy compared to SBF.
by decimalenough
0 subcomment
- Link does not actually say anything about Ellison being released? Try this instead:
https://www.theguardian.com/technology/2026/jan/22/ftx-crypt...
by penguin_booze
0 subcomment
- Nearly every thug in the country is being pardoned. Are these not thug enough for the chief?
by treetalker
0 subcomment
- Mismatch of title; linked article is not about her release. For that, see https://news.ycombinator.com/item?id=46728538
But it's true: master has given Dobby a sock
by arduanika
1 subcomments
- The 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.
by yellow_lead
1 subcomments
- Is it true she still owes billions to the federal government?
- I’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?
by ripped_britches
0 subcomment
- comma in the title would be nice!
by SilverElfin
3 subcomments
- > 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.
by cosmicgadget
3 subcomments
- Future federal reserve chair Caroline Ellison.
by leshokunin
4 subcomments
- [flagged]
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