Alameda's Caroline Ellison escapes potentially 110 years in jail via plea deal

One of the cardinal witnesses connected the ongoing FTX probe could evade each the 7 counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would beryllium prosecuted lone for transgression taxation violations and tin beryllium released instantly by paying the $250,000 bail. 

A plea woody betwixt Ellison and the Office of the United States Attorney for the Southern District of New York was published connected Dec. 21. According to the document, the erstwhile Alameda exec volition beryllium spared of each the large charges, which could person outgo her up to 110 years successful jail.

Ellison was alleged by the lawyer connected 7 counts. Two of them for engaging successful a conspiracy to perpetrate ligament fraud connected customers of FTX and the ligament fraud itself. Another 2 for engaging successful a conspiracy to perpetrate ligament fraud connected lenders of Alameda Research and the ligament fraud itself. Count 5 charged her with conspiracy to perpetrate commodities fraud, number six — for conspiracy to perpetrate securities fraud to FTX equity investors. With the seventh count, she could beryllium charged with conspiracy to perpetrate wealth laundering.

The Attorney's Office agrees not to prosecute Ellison connected immoderate of the 7 counts successful speech for her practice — the implicit disclosure of each the accusation and documents demanded by the Office.

Related: The result of SBF's prosecution could find however the IRS treats your FTX losses

The statement doesn’t supply extortion against immoderate different charges that Ellison mightiness look from immoderate different authorities. It besides excludes a imaginable prosecution for transgression taxation violations, should they beryllium revealed by the tribunal proceedings.

The Office volition not entity to Ellison’s merchandise connected the bail conditions, which are the $250,000 bond, the regularisation to permission the U.S. and surrendering each question documents.

Meanwhile, the erstwhile CEO of FTX, Sam Bankman-Fried is present successful the custody of the Federal Bureau of Investigation (FBI) and connected his mode backmost to the U.S., wherever helium volition beryllium transported straight to the Southern District of New York to look earlier a judge.