Here’s a potential plotline for a Hallmark movie. Stop me if you’ve ever heard of anything so romantic.
One dorky CEO turns on her equally odd CEO boyfriend after enjoying a torrid polyamorous sex life in the Bahamas as they run a hedge fund and crypto company into the ground costing investors billions.
Unfortunately for Caroline Ellison and Sam Bankman-Fried, their story will only have a happy ending if they can convince the Justice Department to let them share a prison cell for the next 100 or so years.
Miss Ellison is the former “CEO” of Alameda Research, and she is facing 110 years behind bars after agreeing to the deal in exchange for ratting out her ex.
Per the deal, Ellison has to cooperate fully with the FBI, prosecutors, and any other law-enforcement agencies. She has to turn over all documents, evidence, and records to the prosecutors. She will have to testify to a grand jury and in court.
The Southern District of New York federal prosecutors have charged Ellison with seven crimes, including wire fraud, securities fraud, and commodities fraud.
There’s also that pesky money laundering conspiracy charge that is hard to run from.
She will waive any defenses, and she also agreed to pay restitution. That amount is yet to be determined.
Bankman-Fried has arrived in the US after being extradited from the Bahamas. Unfortunately for the two of them and whoever else would be joining in, he will not be allowed to meet up with Ellison and rekindle their polyamorous sex life.
Add comment