The plea agreement of former Alameda Research CEO Caroline Ellison with the Southern District of New York US Attorney’s Office was made public on December 21. According to the document, the former Alameda executive will not face any of the most serious allegations, which could have resulted in a prison sentence of up to 110 years.
Read CRYPTONEWSLAND onHowever, under the terms of the agreement, former Alameda Research CEO Caroline Ellison would only be prosecuted for criminal tax crimes and would be promptly released on $250,000 bail.
In exchange for her cooperation, and full disclosure of all the information and documents requested by prosecutors, the Attorney’s Office agreed not to pursue Ellison on any of these seven counts.
Ellison was charged with seven separate crimes. Two individuals accused her of conducting wire fraud against FTX clients and conspiring to do so. Two other individuals charged her with wire fraud and conspiracy against Alameda Research’s lenders.
Count five accused her of conspiracy to commit commodities fraud, and count six accused her of conspiracy to commit securities fraud against FTX’s equity investors. She was charged with money laundering conspiracy in the eighth count.
In other news, a story that Reuters published on Thursday said that Sam Bankman-Fried, the former CEO of the company that has since gone out of business, was granted release on a bond package worth $250 million.
According to reports, this took place while he was waiting for his trial on accusations of fraud relating to the failure of the FTX cryptocurrency exchange.
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