Formerly based in the United States, Caroline Ellison was a successful executive in the business world. She formerly served in the role of Chief Executive Officer at Sam Bankman-quantitative Fried’s trading business, Alameda Research.
In December 2022, Ellison entered a guilty plea to the charges of two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.
Caroline Ellison Biography
Caroline Ellison spent her childhood in the greater Boston area. Her high school was Newton North High School, and she represented the United States of America in the International Linguistics Olympiad in 2011.
In 2012, she was one of the recipients of the National Merit Scholarship. Ellison attended Stanford University and received his bachelor of science degree in mathematics in the year 2016.
Caroline Ellison competed in the Putnam Competitions while she was a student at Stanford and earned a spot among the top 500 students in 2013, 2014, and 2015.
After completing his education, Ellison found employment at Jane Street, a quantitative trading business. It was there that he initially made contact with Sam Bankman-Fried.
Caroline Ellison began her employment at Alameda Research in March 2018, and one year later, in October 2021, both she and Sam Trabucco were promoted to the position of co-CEO. After Trabucco resigned from his position as CEO of Alameda Research in August 2022, she was promoted to sole CEO of the company.
On November 6, 2022, after CoinDesk raised concerns about Alameda Research’s balance sheet and its relationship with FTX, Ellison stated that the balance sheet information released only included a portion of Alameda’s assets, and that the company had more than $10 billion in additional assets.
This statement was made after CoinDesk raised concerns about Alameda Research’s balance sheet and its relationship with FTX.
According to unnamed sources that were cited by the Wall Street Journal and The New York Times, Ellison admitted to the company’s employees in a video meeting on November 9, 2022, that FTX had used customer money to assist Alameda in meeting its liabilities, and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were all aware of the situation. Ellison’s admission was reportedly made during the meeting on November 9, 2022.
After FTX, Alameda Research, and more than one hundred other affiliated firms filed for Chapter 11 bankruptcy, John J. Ray III removed Ellison as CEO of the company.
At the beginning of December 2022, Ellison made Stephanie Avakian, an associate at the prestigious law firm WilmerHale, her primary legal counsel.
Caroline Ellison entered a guilty plea in the Southern District of New York on December 18 as part of a deal to reduce the charges against him.
The charges included conspiracy to commit wire fraud on customers of FTX, conspiracy to commit wire fraud on lenders of Alameda Research, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. She is a trustworthy and compliant witness.
Caroline Ellison Age
Since Caroline Ellison was born in November 1994, she would have been 28 years old in the year 2022.
Caroline Ellison Parent
Caroline Ellison was born to parents Glenn Ellison and Sara Fisher Ellison. Her full name is Sara Ellison.
Caroline Ellison Wife
Caroline Ellison is not currently engaged to be married. Allegations have been made by former employees of FTX and Alameda that Ellison had a romantic involvement with Sam Bankman-Fried, the CEO of FTX. She mentioned in one of her Tumblr posts that she did some research on polyamory.
Caroline Ellison Children
There is no available information on Caroline Ellison’s offspring at this time.
Caroline Ellison Net worth
According to reports, Caroline Ellison has a net worth of two billion dollars.