Caroline Ellison Biography, Net Worth, Wikipedia, Age, Religion, Boyfriend. Caroline Ellison is a business leader from the United States who was born in November 1994. She was the CEO of Alameda Research, which was founded by Sam Bankman-Fried and specialized in quantitative trading.
Caroline Ellison Biography
Caroline Ellison, an American fraudster and former business executive, was born in November 1994. She was the former CEO of Alameda Research, Sam Bankman-quantitative Fried’s trading firm. Ellison entered a plea of guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering in December 2022.
Ellison met Sam Bankman-Fried while working for Jane Street, a quantitative trading firm, after graduating. She spent 19 months as a junior trader at Jane Street.
Ellison began working for Alameda Research in March 2018, and in October 2021, she and Sam Trabucco were named co-CEOs. In August 2022, she took over as Alameda Research’s sole CEO when Trabucco resigned.
After CoinDesk expressed concerns about Alameda Research’s balance sheet and connection to FTX on November 6, 2022, Ellison responded by claiming that the information had only included a portion of the company’s assets and that it had more than $10 billion in additional assets.
In a video meeting with staff on November 9, 2022, Ellison admitted that FTX had used customer funds to assist Alameda in paying its debts and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of the circumstances, according to unnamed sources cited by the Wall Street Journal and The New York Times.
After FTX, Alameda Research, and more than 100 related companies filed for Chapter 11 bankruptcy, John J. Ray III fired Ellison from her position.
Ellison appointed Stephanie Avakian of the law firm WilmerHale as her lead counsel in December 2022.
In a plea deal, Ellison admitted guilt to conspiracy to commit wire fraud on FTX customers, conspiracy to commit wire fraud on Alameda Research lenders, conspiracy to commit wire fraud on Alameda Research lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering on December 18.
Gary Wang, a co-founder of FTX, entered a guilty plea to several charges on that day as well. On December 23, a transcript of her plea hearing was made public. In it, she told judge Ronnie Abrams that she and others had planned to deceive FTX’s lenders and investors in order to steal billions of dollars from their customers.
Caroline Ellison Parents
She is the daughter of Glenn Ellison (Father) and Sara Fisher Ellison (Mother).
Caroline Ellison Religion, Ethnicity
Caroline’s ethnic background is Caucasian. She belongs to the American nationality. She believes in the Christianity religion
Caroline Ellison Husband: Is Caroline Ellison Married?
Caroline Ellison is not married at the moment. Former FTX and Alameda workers claim that Ellison had a romantic relationship with CEO of FTX Sam Bankman-Fried. On her Tumblr blog, she stated that she had looked into polyamory. Ellison gave money to the FTX Future Fund to support charitable projects that adhere to the effective altruism tenets.
Caroline Ellison Net Worth
The estimated net worth of Caroline Ellison is $15 million US dollars.