On the understandings specified below, the Office of the United States Attorney for the Southern District of New York (“this Office”) will accept a guilty plea from Caroline Ellison (“the defendant”) to the above-referenced Superseding Information (the “Information”).
Former Alameda Research CEO could be released on $250,000 bail, but she’s not allowed to leave the United States.
The plea deal between Ellison and the Office of the United States Attorney for the Southern District of New York was published on Dec. 21. According to the document, the former Alameda exec will be spared of all major charges, which could have seen her sentenced to up to 110 years in prison.
Ellison was accused of seven counts. Two accused her of committing wire fraud on customers of FTX and engaging and conspiring to do so. Another two alleged she committed wire fraud on the lenders of Alameda Research and conspired to do so. Count five charged her with conspiracy to commit commodities fraud, and count six alleged conspiracy to commit securities fraud on FTX’s equity investors. The seventh count accused her of conspiring to commit money laundering.
The Attorney’s Office agreed not to prosecute Ellison on any of those seven counts in exchange for her cooperation — the complete disclosure of all the information and documents demanded by prosecutors.