Caroline Ellison
Caroline Ellison (born ) is an American business executive who was convicted of fraud in 2023 in relation to the bankruptcy of FTX. She was the CEO of Alameda Research, a trading firm affiliated with the FTX and founded by Sam Bankman-Fried. Ellison was terminated from her position after FTX and Alameda filed for bankruptcy. In 2022, Ellison pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.On September 24, 2024, Ellison, a key government witness in the collapse of cryptocurrency exchange FTX, was sentenced to two years in prison for her role in the scandal, which was one of the biggest in the history of the United States. U.S. District Judge Lewis Kaplan called Ellison’s cooperation in the case against SBF "very, very substantial", but said prison time was necessary due to the magnitude of the crime. According to an anonymous source cited by ''The Wall Street Journal'' in November 2022, Alameda Research owed $10 billion to FTX. The source said FTX had lent the trading firm money from customer funds at FTX. Provided by Wikipedia
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4by Jacqueline Nhu Quynh Pho, Aidan Christopher Tan, Katrina Chaudhary, Sonia Hines, Caroline Ellison, Vivian Isaac, David LimGet full text
Published 2021-01-01
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