The ongoing hearing as a part of judicial procedure regarding FTX and Alameda Research collapse and it recently got an update. Former CEO of trading firm Alameda Research Caroline Ellison reported to have a plea agreement with the court.
The US Attorney’s Office of the Southern District of New York (SDNY) noted that the former Alameda CEO would not be allowed to leave the country. In addition she would be obliged to submit the proceedings, gathered from the activities for that she was charged to offend with, as penalty.
In addition, Ellison is said to pay a compensation fee, the court would decide the amount.
The unsealed plea was reported by a publication involved in covering the city federal court’s proceedings. The plea agreement was reported to states that given Ellision’s cooperation with the investigation of SDNY along with other similar law enforcement agencies she would not be liable to face criminal prosecutions. She would be subjected to face only potential crimin
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