After Confession Caroline Ellison Will Be Released On $250,000 Free
Key Points:
- The plea agreement will exonerate the former Alameda executive from all additional charges, with the exception of criminal tax violations.
- Ellison could be released on bail for a fee of $250,000.
- Currently, Caroline Ellison will not be allowed to leave the continental United States and be subject to illegal property seizure.
Pursuant to a recently announced plea agreement with the U.S. Attorney’s Office for the Southern District of New York, former Alameda Research CEO Caroline Ellison will not be allowed to leave the United States and be charged confiscate any proceeds from illegal actions, according to CoinDesk.
As was updated in a recent Coincu News article, the first plea agreement of former Alameda CEO Caroline Ellison and FTX and Alameda co-founders Gary Wang was filed today.
The agreement provides that if Ellison fully cooperates with the Southern District of New York (SDNY) investigation, nor any other law enforcement agency designated by the office, she will not be subject to further criminal prosecution, except for the mixing of funds between the parties.
Reportedly, FTX and Alameda accounts, merchandise fraud charges, and wire transfers can be criminal tax violations. Part of the document has been redacted to remove information about some possible allegations.
Ellison and Gary will be released on bail as long as they can pay a personal bond of $250,000 and do not leave the continental United States. She will also need to collect travel documents.
The plea agreement also mentions that if Caroline Ellison were not a US citizen, she would likely be deported from the United States. Ellison is believed to be a US citizen, but it is unclear if she will give up her citizenship to become a US citizen for tax reasons, a common trend among some money traders. Electronically live abroad because the United States has restrictions on non-residents.
In the charges against Caroline Ellison and Gary Wang of the United States Attorney for the Southern District of New York, Caroline Ellison’s seven counts add up to a possible maximum penalty of 110 years in prison, and four counts of Gary Wang adds up to a maximum penalty of 50 years in prison.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
Author
News
After Confession Caroline Ellison Will Be Released On $250,000 Free
Key Points:
- The plea agreement will exonerate the former Alameda executive from all additional charges, with the exception of criminal tax violations.
- Ellison could be released on bail for a fee of $250,000.
- Currently, Caroline Ellison will not be allowed to leave the continental United States and be subject to illegal property seizure.
Pursuant to a recently announced plea agreement with the U.S. Attorney’s Office for the Southern District of New York, former Alameda Research CEO Caroline Ellison will not be allowed to leave the United States and be charged confiscate any proceeds from illegal actions, according to CoinDesk.
As was updated in a recent Coincu News article, the first plea agreement of former Alameda CEO Caroline Ellison and FTX and Alameda co-founders Gary Wang was filed today.
The agreement provides that if Ellison fully cooperates with the Southern District of New York (SDNY) investigation, nor any other law enforcement agency designated by the office, she will not be subject to further criminal prosecution, except for the mixing of funds between the parties.
Reportedly, FTX and Alameda accounts, merchandise fraud charges, and wire transfers can be criminal tax violations. Part of the document has been redacted to remove information about some possible allegations.
Ellison and Gary will be released on bail as long as they can pay a personal bond of $250,000 and do not leave the continental United States. She will also need to collect travel documents.
The plea agreement also mentions that if Caroline Ellison were not a US citizen, she would likely be deported from the United States. Ellison is believed to be a US citizen, but it is unclear if she will give up her citizenship to become a US citizen for tax reasons, a common trend among some money traders. Electronically live abroad because the United States has restrictions on non-residents.
In the charges against Caroline Ellison and Gary Wang of the United States Attorney for the Southern District of New York, Caroline Ellison’s seven counts add up to a possible maximum penalty of 110 years in prison, and four counts of Gary Wang adds up to a maximum penalty of 50 years in prison.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
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