Caroline Ellison, the former CEO of Alameda Research, is facing up to 110 years in prison.
Per her plea deal, Ellison has pleased guilty to seven charges, including wire, securities, and commodities fraud.For more stories, go toCaroline Ellison, the former CEO of Alameda Research, faces a maximum sentence of 110 years in prison after striking a plea deal with the Department of Justice.with prosecutors in the Southern District of New York, dated December 18.
According to the plea agreement, Ellison faces seven charges that collectively carry a maximum prison sentence of 110 years. These include conspiracy to commit wire fraud, securities fraud, and commodities fraud. She also faces a charge of conspiracy to commit money laundering. Ellison has agreed to waive any defenses to the charges. Per her deal with prosecutors, she also agrees to make restitution, the amount of which the courts will determine.
As part of her plea deal, Ellison must cooperate fully with prosecutors, the FBI, and any other law enforcement agencies. She must also provide documents, records, and evidence to prosecutors, and testify to a grand jury or at court trials when requested.. She was the chief of Alameda Research, the trading firm Bankman-Fried launched. Also working with Bankman-Fried and Ellison at Alameda Research was FTX cofounder Gary Wang.
BISouthAfrica In SA she'd be a shoe in for parliament
BISouthAfrica In South Africa you get only 15 years for murder....
BISouthAfrica That doesn't sound like a good plea deal to me
BISouthAfrica Would hate to know what she would've got if she did'nt take the deal.
BISouthAfrica Wierd, if a murder is committed in SA, people only get 20-30 years. Financial fraud in the US is over 100 years and nobody was killed.
BISouthAfrica 😳
BISouthAfrica In this Banana Republic of SA.. she would have been sentenced for 3 years.
BISouthAfrica Not a white person in South Africa
BISouthAfrica Plea deal for 110 years? Was the death penalty a possibility 🤣
BISouthAfrica SBF must have been pretty hard up...
BISouthAfrica Not South Africa, here criminals get away with this type of corruption
BISouthAfrica Too less