The CEO of Alameda Research, Caroline Ellison, is making headlines after she pleaded guilty to federal charges in the alleged fraud case, know her 2022 net worth
As per reports, the CEO of Alameda has pleaded guilty to charges including wire fraud in the FTX’s collapse reports.
Caroline Ellison Alameda Research CEO Net Worth In 2022 After She Pleads Guilty To Wire Fraud
Caroline Ellison is pleading guilty to criminal charges
She will cooperate with the government in the case against Sam Bankman-Fried pic.twitter.com/QZq0l4e6mG
— Genevieve Roch-Decter, CFA (@GRDecter) December 22, 2022
The chief executive officer of the bankrupt crypto currency trading firm has pleaded guilty of 2 counts of wire fraud, 2 counts of conspiracy to commit fraud along with conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.
As per reports, Ellison faces upto 110 years of imprisonment for all 7 counts of charges.
Apart from her, Wang, the co-founder of FTX, also pleaded guilty to 4 counts of conspiracy to commit wire fraud along with conspiracy to commit commodities fraud, and conspiracy to commit securities fraud.
For those who are unversed, let us tell you, as of now, both associates have agreed to co-operate with authorities in the investigation of FTX’s collapse.
As per a report by New York Times, the collapse have reportedly transfer billions of customer funds for Sam Bankman-Frieds uses.
Caroline Ellison’s Net Worth
As per a report by the Sun, the CEO of the Alameda have an estimated net worth of $15 million.
For those who are unfamiliar with Ellison, let us tell you, Caroline’s father was the head department of economics while her mother was an economics professor at MIT.
Ellison had completed her schooling at Newton North High School. She had done her studies from Stanford University in Mathematics.
During her time at the University, Ellison had ranked in the top 500 students in the Putnam Competitions for 3 years in a row.
Coming back to the charges on the executives on Wednesday, it revealed that Mr. Bankman-Fried had worked with a close circle of colleagues who followed his directions while playing a key role in execution of fraud.
Meanwhile, the S.E.C. stated that Ellison had misused FTX customer deposit customer deposits to fund Alameda’s trading activity and that Want had created a software which allowed to do ersion of funds.
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