Search results
Results from the WOW.Com Content Network
Caroline Ellison (born c. 1994) is an American business executive who was convicted of fraud in 2023 in relation to the bankruptcy of FTX. She was the CEO of Alameda Research, a trading firm affiliated with the FTX and founded by Sam Bankman-Fried. [5] Ellison was terminated from her position after FTX and Alameda filed for bankruptcy. [6]
At Bankman-Fried's trial, Alameda CEO Caroline Ellison testified that she was one of Bankman-Fried's main accomplices in channeling FTX customer funds into Alameda's coffers. [7] In December 2022, Ellison pleaded guilty to two counts of wire fraud and five conspiracy counts involving wire, securities and commodities fraud and money laundering ...
FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 ...
Caroline Ellison, a former top executive at Sam Bankman-Fried's FTX cryptocurrency exchange, was sentenced Tuesday to 24 months for her role in a multibillion-dollar fraud involving the bankrupt ...
Caroline Ellison was sentenced to 2 years in prison for her role in the $11 billion FTX fraud. Prosecutors and her lawyers both asked for zero time behind bars — but it was up to a judge.
Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors ...
Caroline Ellison is the former CEO of Bankman-Fried's company Alameda Research. In her testimony , she described how Bankman-Fried had "directed" her to "commit crimes" during her time at Alameda, [ 31 ] adding that "Alameda took several billion dollars from FTX customers and used it for its own investments" and to pay back its lenders. [ 32 ]
Caroline Ellison appears to have had her scheduled prison release date moved up. She began her two-year sentence for her role in the $11 billion FTX fraud earlier this month.