Caroline Ellison, the former CEO of Alameda Research, was sentenced to two years in prison

However, FTX was one of the largest financial frauds ever committed in this country, he noted, and cooperation was not enough to spare Ellison a prison sentence. “In a case this serious, to literally be a get-out-of-jail-free card is not something I can see my way into,” Kaplan said, before asking Ellison to stand up and receive his sentence of 24 months in prison. Because the crime is federal, Ellison will serve at least 75 percent of her sentence before she is eligible for parole.