U.S. District Judge Lewis A. Kaplan said Ellison’s cooperation in the case was “very, very substantial” and praised her testimony, saying he saw no inconsistencies with documents shown to the jury or things she had previously told prosecutors.
But he said a prison sentence was necessary because she had participated in what might be the “greatest financial fraud ever perpetrated in this country and probably anywhere else” or at least close to it.
He said in such a serious case, he could not let cooperation be a get-out-of-jail-free card.
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