: Caroline Ellison has agreed to a plea agreement which includes a $250,000 bail payment, the surrender of her travel documents, and the forfeiture of her assets.
– Former Alameda Research CEO Caroline Ellison is prohibited from leaving the continental United States, and must pay restitution and forfeit any proceeds derived from the commission of the offenses she has been charged with.
– The plea agreement with the U.S. Attorney’s Office of the Southern District of New York was first obtained by New York’s Inner City Press.
– If Ellison fully cooperates with the SDNY’s investigation, she won’t be prosecuted criminally, but she must provide a $250,000 personal recognizance bond and surrender any travel documents she has.
Former Alameda Research CEO Caroline Ellison has recently been charged with a number of offenses, resulting in a plea agreement with the U.S. Attorney’s Office of the Southern District of New York. The agreement, which was first obtained by New York’s Inner City Press, states that Ellison will not be allowed to leave the continental United States and must forfeit any proceeds derived from the commission of the offenses she has been charged with. She will also need to pay restitution of an amount determined by the court.
The plea agreement also states that if Ellison cooperates fully with the SDNY’s investigation, as well as any other law enforcement agency designated by the office, she won’t be further prosecuted criminally for the wire and commodity fraud charges that resulted from commingling funds between FTX and Alameda accounts. However, the agreement does not guarantee that other agencies won’t pursue prosecution at a later date.
In order for the plea agreement to be in effect, a court will need to approve it. As part of the agreement, Ellison will be permitted to post bail, provided she can provide a $250,000 personal recognizance bond and restrict travel to the continental United States. She will also need to surrender any travel documents she has. Additionally, the plea agreement contains language that says if Ellison is not a U.S. citizen, it is very likely that her removal from the U.S. will be mandatory.
The agreement comes after a period of investigation into the activities of Ellison and Alameda Research. The company, which is a cryptocurrency trading firm, has been the subject of a number of claims in recent years, including allegations of market manipulation and insider trading. It remains to be seen if the plea agreement will be accepted by the court, and what the repercussions of the charges against Ellison will be.