Caroline Ellison Biography, Net Worth, Age, Career, Criminal Case, And Relationship

Who Is Caroline Ellison?

Caroline Ellison is a former American business executive. She is the former CEO of Alameda Research, a quantitative trading firm established by Sam Bankman-Fried.

Caroline Ellison Age

Caroline Ellison is 28 years old (as of 2023).

Caroline Ellison Early Life

Caroline Ellison (born November 1994) Ellison is the daughter of Glenn Ellison, the Gregory K. Palm Professor of Economics at MIT, who tutored her math team when she was a middle schooler, and Sara Fisher Ellison, a senior lecturer in economics at MIT.

She grew up in the Boston suburbs. As a high school student, she went to Newton North High School and represented the US in the 2011 International Linguistics Olympiad. She received a National Merit Scholarship in 2012.

Ellison finished at Stanford University in 2016 with a bachelor’s degree in mathematics. While at Stanford, she scored in the top 500 students in the 2013, 2014, and 2015 Putnam Competitions.

Caroline Ellison Career

After graduating, Ellison worked for the quantitative trading firm Jane Street where she met Sam Bankman-Fried. She was a junior trader at Jane Street for 19 months.

Ellison joined Alameda Research in March 2018; she became co-CEO along with Sam Trabucco in October 2021.

She became the sole CEO of Alameda Research in August 2022 after Trabucco stepped down.

On 6 November 2022, after CoinDesk raised concerns about the balance sheet of Alameda Research and its relationship with FTX, Ellison said that the balance sheet information which had been released only included some of Alameda’s assets and that the firm had more than $10 billion of additional assets.

According to unknown sources spoken of by the Wall Street Journal and The New York Times, Ellison was in a video meeting with employees on 9 November 2022; she acknowledged there that FTX had used customer money to enable Alameda to meet its liabilities and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of the occurrences.

Ellison was terminated from her position by John J. Ray III after FTX, Alameda Research, and more than 100 similar organizations filed for Chapter 11 bankruptcy.

Legal Proceedings

In December 2022, Ellison employed  Stephanie Avakian of the law firm WilmerHale as her lead attorney.

On December 18, in a plea bargain, Ellison pleaded guilty in the Southern District of New York to conspiracy to perpetrate wire fraud on customers of FTX, conspiracy to commit wire fraud on lenders of Alameda Research, wire fraud on lenders of Alameda Research, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.

A transcript of her plea heading was unsealed on December 23, in which she admitted to judging Ronnie Abrams that she and others planned to extort billions of dollars from customers of FTX while misleading its investors and lenders.

 Ellison told Judge Abrams that Sam Bankman-Fried and other FTX executives had received billions of dollars in secret loans from Alameda Research.

Caroline Ellison Relationship

Presently, Caroline Ellison is not married. Former FTX and Alameda workers confess that Ellison was in a romantic relationship with FTX CEO Sam Bankman-Fried. She declared that she looked into polyamory on her Tumblr blog.

Caroline Ellison’s Net Worth 2023

Caroline Ellison’s net worth is estimated to be worth $ 2 billion.

FAQs About Caroline Ellison

Who Is Caroline Ellison’s Boyfriend?

Caroline Ellison is currently not dating anyone. Former FTX and Alameda workers confess that Ellison was in a romantic relationship with FTX CEO Sam Bankman-Fried. She declared that she looked into polyamory on her Tumblr blog.

How old is Caroline Ellison?

She is 28 years old (as of 2023).

Where Did Caroline Ellison Graduate From?

She graduated from Stanford University.

Conclusion

In conclusion, Caroline Ellison is a highly accomplished business executive with a successful career in the industry. She has held various leadership positions throughout her career, including serving as the CEO of Alameda Research, a renowned quantitative trading firm founded by Sam Bankman-Fried.

Ellison’s extensive experience and expertise make her a valuable asset to any organization, and her contributions to the field have helped shape the landscape of modern business.

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