Former CEO of Alameda, Caroline Ellison, signed a plea deal to be released.
Under the agreement, Ellison will cooperate fully with SDNY’s investigation and other law enforcement agencies designated by the office; It will not be prosecuted except for possible criminal tax violations related to telegram and commodity fraud charges resulting from mixing funds between FTX and Alameda accounts.
Alameda CEO Signs Defense Agreement
If Caroline Ellison cooperates fully with the U.S. Attorney’s Office, she will be freed from all charges other than criminal tax violations.
Caroline Ellison, former CEO of Alameda Research, said in a recent plea agreement with the US Attorney’s Office for the Southern District of New York; Ellison will be allowed to be released on bail provided he provides $250,000 in personal bail and restricts his travel to the continental United States. He will also need to hand over any travel documents he has.
The confession agreement also states that if Ellison is not a US citizen, his deportation from the US will be mandatory. Ellison is assumed to be a US citizen, but it is unclear whether he renounced his citizenship for convenience for tax reasons, a popular trend among some crypto investors living abroad, and whether the US taxed non-residents.