Alameda’s Caroline Ellison escapes potential 110-year prison term via plea deal By Cointelegraph
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One of the key witnesses in the ongoing FTX investigation may evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would only be prosecuted for criminal tax violations under the agreement and could be released immediately on $250,000 bail.
The plea deal between Ellison and the Office of the United States Attorney for the Southern District of New York was published on Dec. 21. According to the document, the former Alameda exec will be spared of all major charges, which could have seen her sentenced to up to 110 years in prison.
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One of the key witnesses in the ongoing FTX investigation may evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would only be prosecuted for criminal tax violations under the agreement and could be released immediately on $250,000 bail.
The plea deal between Ellison and the Office of the United States Attorney for the Southern District of New York was published on Dec. 21. According to the document, the former Alameda exec will be spared of all major charges, which could have seen her sentenced to up to 110 years in prison.
Continue Reading on Coin Telegraph
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