By Luc Cohen
NEW YORK (Reuters) - Former cryptocurrency executive Caroline Ellison is set to be sentenced on Tuesday for her role in her imprisoned former boyfriend Sam Bankman-Fried's theft of about $8 billion in customer funds from the now-bankrupt FTX exchange he founded.
Ellison has pleaded guilty to seven felony counts of fraud and conspiracy, and testified as a prosecution witness in the trial of Bankman-Fried, who was convicted of fraud and other charges last year and is serving a 25-year prison sentence stemming from FTX's November 2022 collapse.
At her sentencing hearing scheduled for 3 p.m. EDT (1900 GMT) before U.S. District Judge Lewis Kaplan in Manhattan, Ellison will learn how much leniency she will earn from her cooperation with prosecutors.
Ellison, 29, will almost certainly get far less prison time than Bankman-Fried did. The crimes to which she pleaded guilty carry a maximum sentence of 110 years in prison.