Caroline Ellison Sentenced to 2 Years for role in FTX Crypto Fraud
District Judge Lewis A. Kaplan has sentenced former Alameda Research CEO Caroline Ellison to two years in jail. Her role in the demise of the cryptocurrency exchange FTX and the hedge fund connected to it, Alameda Research, has played a pivotal role in one of the worst financial scandals in American history. Ellison collaborated with […]
Former FTX Co-founder SBF Continues to Maintain His Innocence
Sam Bankman-Fried (SBF), co-founder of FTX, continues to assert his innocence despite receiving a 25-year prison sentence for fraud. In the interim, he has engaged in commodities trading, specifically sacks of rice, while he prepares his appeal. Bankman-Fried engaged in an interview with Puck News’ William Cohan on May 9, 2023. This interview marked his […]
Two Promoters of IcomTech Crypto ‘Ponzi’ to Face 20 Years Jail Term
A New York jury convicted two former promoters of the alleged cryptocurrency mining and trading company IcomTech, both now subject to a maximum sentence of 20 years in prison for their involvement in the “Ponzi” scheme. The two-week trial concluded on March 14 when a jury in a New York District Court found Gustavo Rodriguez […]
SBF’s Lawyer Renews Request for His Temporary Release
Sam Bankman-Fried’s (SBF) attorney in his upcoming case against the Department of Justice of the United States renewed a request for his temporary release from prison to prepare for the trial. Mark Cohen requested on September 25 that the presiding judge, Lewis Kaplan, grant SBF temporary release because it is “necessary for the preparation of […]
Jeremy Spence aka “Coin Signals” gets 42 months in jail for crypto fraud
On May 11, Jeremy Spence a crypto trader was sentenced to 42 months in prison for operating a series of crypto funds that scammed around $5M from 170 investors who were unaware their crypto was used to fund a Ponzi scheme. The DOJ claimed that Jeremy Spence, 25, had defrauded investors out of millions of […]