In this article, we’ll take a look at Caroline Ellison’s life and work, the controversies about how much money she has, and the problems caused by fraud at Alameda Research.
What is Caroline Ellison’s Net Worth?
Caroline Ellison is a businessperson with a net worth of $20 million. She became known because she used to be the CEO of a cryptocurrency trading company called Alameda Research, which was co-founded by Sam Bankman-Fried, who had a bad reputation.
In late 2022, Caroline got fired from her job because Alameda and many other cryptocurrency-related companies, including FTX, a big crypto exchange run by Bankman-Fried, went bankrupt due to a huge money scandal. This scandal caused FTX, which was once worth over $30 billion, to lose all its value.
Below is the Crypto Street Journal Instagram post:
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It’s said that FTX moved $10 billion of customers’ money to Alameda to cover up a massive loss they had in trading. In December 2022, Caroline admitted to doing seven illegal things, like wire fraud and money laundering. Before Alameda and FTX went under, Caroline apparently took $22.5 million from Alameda and put it in her personal bank account.
She called $10 million of that a “bonus.” Aside from her work, Caroline is known for being in a polyamorous relationship and was romantically involved with Sam Bankman-Fried.
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Early Childhood and Education of Caroline Ellison
Caroline Ellison came into the world in November 1994 as the child of Glenn and Sara, who were both economists at MIT. Her childhood was spent in the suburbs of Boston, Massachusetts. She went to Newton North High School and had the honour of representing the United States in the 2011 International Linguistics Olympiad.
Later, she pursued higher education at Stanford University, where she successfully obtained a bachelor’s degree in mathematics in 2016. During her college years, Caroline also took part in the yearly Putnam Competition.
Caroline Ellison Career
Caroline Ellison used to be a top executive in the world of finance, particularly in cryptocurrency trading. She was the CEO of Alameda Research, a company that specialized in trading and providing money in the cryptocurrency market.
Caroline’s career began when she was studying at Stanford University. She did two internships at a trading company in New York called Jane Street. Then, in 2016, she started working there as a full-time equities trader. After two years, she left Jane Street and joined Alameda Research in 2018.
At Alameda, Caroline quickly moved up the ranks. She became a co-CEO in 2021 and later the sole CEO in 2022. Her job was to oversee the company’s trading and investments in cryptocurrency projects.
However, in November 2022, Caroline lost her job at Alameda because the company was accused of cheating and doing dishonest things in the market. After that, she admitted to doing wrong things like fraud, money laundering, and conspiring with others in December 2022. Right now, Caroline is waiting to find out her punishment. She could go to prison for as long as 20 years because of what she did.
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Personal Life
Former workers from Alameda and FTX have said that Caroline Ellison was in a romantic relationship with Sam Bankman-Fried. She has openly said she’s polyamorous, and it’s been said that she lived with him and eight other people in a fancy penthouse in the Bahamas.
What is Caroline Ellison’s height?
She’s a nice person, about 5 feet 5 inches tall, with a slender body. She wears glasses that suit her well. Her hair is a dark brown colour, and her eyes are also dark brown. She weighs 49 kilograms.
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Caroline Ellison Legal Procedure
- Caroline Ellison Legal Procedure Ellison recruited Stephanie Avakian of the legal firm WilmerHale as her lead attorney in December 2022.
- On December 18, she pleaded guilty in the Southern District of New York to conspiracy to commit wire fraud on FTX customers, conspiracy to commit wire fraud on Alameda Research lenders, wire fraud on Alameda Research lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.
- Similarly, FTX co-founder Gary Wang pleaded guilty to many offences on the same day Caroline did.
On December 23, Ellison’s transcript plea of guilty was unsealed, in which she admitted to Judge Ronnie Abrams that she and others planned to steal billions of dollars from FTX customers while deceiving its investors and lenders. - She told Judge Abrams that Sam Bankman-Fried and other FTX officials had received hidden loans worth billions of dollars from Alameda Research.
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FAQs
Where was Caroline Ellison born?
Caroline Ellison was born in the Bahamas.
Who is the father of Caroline Ellison?
Caroline Ellison’s father is Glenn Ellison.
Who is the mother of Caroline Ellison?
Caroline Ellison’s mother is Fisher Ellison.
What is the salary of Caroline Ellison?
Caroline Ellison’s salary is in the millions.
What is the colour of Caroline Ellison’s eye?
Caroline Ellison’s eye colour is dark brown.
What is the colour of Caroline Ellison’s hair?
Caroline Ellison’s hair colour is dark brown
