Caroline Ellison

Caroline Ellison Caroline Ellison is the former CEO of Alameda Research, the trading arm of the cryptocurrency exchange FTX, both of which were founded by Sam Bankman-Fried, her former boss and ex-boyfriend. Ellison was fired from that position after FTX and Alameda filed for bankruptcy in November of 2022. In December 2022, she pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. In October 2023, Ellison testified against Bankman-Fried in his criminal fraud trial after agreeing to cooperate with prosecutors in return for leniency. During her appearance in court, Ellison said Bankman-Fried "directed" her to commit the financial crimes she pleaded guilty to. Background Ellison primarily grew up in Newton, Massachusetts, a Boston suburb. Her parents are both academics at Massachusetts Institute of Technology. Her father, Glenn Ellison, is the department head of economics at MIT and her mother, Sara Fisher Ellison, is a senior lecturer in economics there. Ellison graduated from Newton North High School in 2012, and went on to study mathematics at Stanford University. After college she went to work as a trader for Jane Street, where she met Bankman-Fried. He recruited her to join Alameda shortly after he founded the company in 2018. However, there was an internal crisis at the trading firm over millions in lost funds, which he did not tell her about. Half of Alameda’s early staff quit in opposition to Bankman-Fried, but Ellison stayed on. When Bankman-Fried dropped his title of Alameda chief executive in mid-2021 to show the company was separate from FTX, Ellison was named co-chief executive with another trader, Sam Trabucco. Trabucco began to withdraw from his duties, however, and quit the firm in mid-2022. Ellison became the head of Alameda Research in August 2022. By November 2022, FTX had spiraled into bankruptcy, and Ellison began to draw attention for her role in overseeing Alamedia's risky investments using customers' funds. Education Ellison graduated from Stanford University. References

@JohnLothian Twitter Feed @JohnLothian: Treasury presses Congress for new power in crypto crackdown Treasury presses Congress for new power in crypto crackdown https://t.co/Agbx23GhwY— John Lothian (@JohnLothian) November 29, 2023 View Page @JohnLothian: https://t.co/k8uxBhIT6p— John Lothian (@JohnLothian) November 29, 2023 View Page @JohnLothian: https://t.co/nwoASX8U2T— John Lothian (@JohnLothian) November 29, 2023 View Page @Smarter_Markets: RT by @JohnLothian: "This is the place."CEO of @Abaxx_Exchange shares how her double-decade career in #commodities led her to Abaxx, int… "This is the place."CEO of @Abaxx_Exchange shares how her double-decade career in #commodities led her to Abaxx, introducing centrally cleared, physically delivered futures contracts for... View Page @Cointelegraph: RT by @JohnLothian: Interactive Brokers now offers Bitcoin and Ether trading for Hong Kong clients in partnership with OSL.… Interactive Brokers now offers Bitcoin and Ether trading for Hong Kong clients in partnership with OSL.https://t.co/P0J47USdTk— Cointelegraph (@Cointelegraph) November 29, 2023 View Page @Cointelegraph: RT by @JohnLothian: A proposed class-action suit has been filed against soccer star Cristiano Ronaldo, alleging his Binance NFT collections… A proposed class-action suit has been filed against soccer star Cristiano Ronaldo, alleging his Binance NFT collections promoted investments in unregistered securities on the crypto exchange. https... View Page We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter. FREE 90 day trial