Caroline Ellison sentenced to two years in jail for role in FTX fraud

Caroline Ellison sentenced to two years in jail for role in FTX fraud

The end of the line. | Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her role in the FTX collapse. She must also forfeit $11 billion. Ellison pleaded guilty to two counts of…

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Former MoviePass CEO reportedly pleads guilty to securities fraud

Mitch Lowe, one of two MoviePass leaders indicted by the Justice Department in 2022, has pleaded guilty to securities fraud charges. The former CEO admitted to conspiring to deceive the public and investors about the service’s sustainability. Variety reports that the details of Lowe’s plea agreement haven’t been made public. Prosecutors claim Lowe knew from…