Watch Gary Wang, Caroline Ellison Cooperation ‘Gives Prosecutors Insight’ into FTX News Video
“Caroline Ellison is cooperating with the Justice Department.
“A plea agreement between former Alameda Research CEO Caroline Ellison and the Southern District of New York was unsealed yesterday.
“The document, which was written on December 18, indicates that Ellison is willing to plead guilty to seven charges for the part she played in the FTX fraud.
“The SDNY is charging Ellison with counts of conspiracy to commit wire fraud, wire fraud, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.
“These are the same charges that were brought against former FTX CEO Sam Bankman-Fried (he is also accused of conspiracy to defraud the United States and violate campaign regulations). The charges against Ellison carry a maximum sentence of 110 years in prison.”
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