Chief executive of FTX sister company pleads guilty to seven offences

Plea deal with former Alameda CEO Caroline Ellison lists charges of wire fraud, securities fraud and money laundering

Caroline Ellison, the former chief executive of the FTX sister company Alameda Research, has agreed to plead guilty to seven offences including wire fraud, securities fraud and money laundering, according to a newly unsealed agreement with prosecutors.

The combined maximum sentence for the offences is 110 years, but Ellison’s cooperation with the investigation means she is likely to receive a substantially reduced punishment.

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