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Alameda’s Caroline Ellison Escapes Potentially 110 Years in Jail via Plea Deal

One of the key witnesses on the ongoing FTX investigation could evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would be prosecuted only for criminal tax violations and can be released immediately by paying the $250,000 bail. 

A 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 the major charges, which could have cost her up to 110 years in jail.

(By DAVID ATTLEE)

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