CHART: FTX and Alameda execs get a total of 34.5 years in prisonOnly 3 of the 5 execs involved in the multi-billion dollar FTX fraud scheme will serve any time in prison.

The Protos chart refers to the combined sentences handed down to key figures in the FTX and Alameda Research fraud, totaling roughly 34.5 years of prison time across three executives. The largest share is the 25-year sentence for FTX founder Sam Bankman-Fried, imposed by a U.S. federal judge after a jury convicted him of orchestrating multiple fraudulent schemes that misappropriated over $8 billion in customer funds, defrauded equity investors of more than $1.7 billion, and misled lenders to Alameda Research of over $1.3 billion. He was also ordered to forfeit about $11 billion and will serve three years of supervised release after prison. Two other senior insiders received substantially shorter prison terms after pleading guilty and cooperating. Former Alameda Research CEO Caroline Ellison was sentenced to 24 months in prison for her role in using Alameda to secretly borrow roughly $10 billion of FTX customer funds and for helping falsify balance sheets to hide the scale of the hole during the 2022 crypto downturn. Former FTX Digital Markets co-CEO and ex–Alameda executive Ryan Salame received 90 months (7.5 years) in prison for conspiring to operate an unlicensed money-transmitting business that moved FTX customer funds through entities such as “North Dimension,” and for participating in a straw-donor political contributions scheme that funneled tens of millions of dollars into U.S. elections. Together, those three custodial sentences sum to approximately 34.5 years. Two other senior FTX/Alameda executives who pleaded guilty and cooperated—Nishad Singh and Gary Wang—have not received prison terms, which is the basis for the observation that only three of the five central executives in the multibillion-dollar fraud are currently set to serve time.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Former FTX Executive Ryan Salame Sentenced To 90 Months In ... (justice.gov)
• Caroline Ellison, former FTX executive, sentenced to 24 months in ... (cbsnews.com)
• Samuel Bankman-Fried Sentenced to 25 Years for His Orchestration ... (justice.gov)

Explore the topic

• Fraud
• Chart
• prison
• FTX