Caroline Ellison, the CEO of Alameda Research, won’t face any criminal charges for her role in the FTX fiasco. Ellison’s plea agreement with a New York court was unsealed on Dec. 22, showing that she faces only a fine and forfeiture of assets for pleading guilty.
According to the agreement, she won’t be prosecuted if Ellison continues cooperating with the Southern District of New York’s investigation into FTX and Alameda. However, as part of her deal with the SDNY, Ellison will not be allowed to leave the U.S. and will have to forfeit any money or assets she gained from the money stolen from FTX.
She will be permitted a $250,000 bail and must surrender her passport or other travel documents.
However, the court noted that the plea deal doesn’t exempt her from possible tax violations. The court filing said that her testimony against Sam Bankman-Fried and the rest of the FTX and Alameda executives could be used to prosecute her for tax fraud.
Ellison isn’t alone in her coopera
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