- Alameda Research CEO Caroline Ellison has entered into a settlement with the US Department of Justice.
- The Southern District of New York promises $250,000 bail and no other FTX-related charges (other than a possible felony tax charge) if she pleads guilty to seven felony counts.
- Ellison faces up to 110 years in prison for these charges alone.
Sam Bankman-Fried’s partners in crime, CEO of Alameda Caroline Ellison and co-founder of FTX, Gary Wang, are collaborating with the US Department of Justice.
$250,000 bail for full cooperation
Caroline Ellison works with the Department of Justice.
An agreement between Caroline Ellison, former CEO of Alameda Research and the Southern District of New York has been opened yesterday. The document, which was written on December 18th, indicates that Ellison is willing to plead guilty to seven counts due to the role she played in the FTX scam.
SDNY charges Ellison with charges of conspiracy to commit wire fraud, conspiracy to commit lender fraud, conspiracy to commit commodity fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.
These are the same charges against former FTX CEO Sam Bankman-Fried (he is also charged with conspiracy to defraud the United States and violating campaign rules). The charges against Ellison carry a maximum penalty of 110 years in prison.
In exchange for Ellison’s full cooperation, SDNY offered not to charge her with any additional crimes related to FTX, except for possible tax violations. In connection with the above seven counts, SDYN will formally request that the court consider Ellison’s assistance in the investigation when sentencing her.
Ellison will also be granted bail if she can post a $250,000 bond. She is not allowed to leave the continental United States and must surrender all of her travel documents.
the Security and exchange commission And the Commodity futures trading commission They both also filed charges against Ellison and FTX co-founder Gary Wang. US Attorney Damian Williams open Yesterday that Wang was cooperating with the authorities along with Ellison.
Disclaimer: At the time of writing, the author of this piece owns BTC, ETH, and many other crypto assets.