Caroline Ellison, an associate of Alameda and FTX, has reached a plea deal with prosecutors in the Southern District of New York. Under the agreement, Ellison will not be prosecuted further if she fulfills her obligations. The cooperation agreement states that she will not be criminally prosecuted for any crimes, except for criminal tax violations. Ellison was facing seven charges related to wire fraud, securities fraud, commodities fraud, money laundering, and conspiracy. The plea deal specifies that she will not be prosecuted on nine issues, including her involvement in frontrunning FTX token listings and manipulating the price of FTT and Serum tokens. However, the plea deal does not provide complete immunity, as Ellison can still be prosecuted for criminal tax violations and for crimes outside of the specified actions. She must also forfeit any funds and property obtained through her actions. The court will ultimately decide on her sentencing, and prosecutors will inform the court of her cooperation through a letter. Another FTX associate, Gary Wang, also testified and has a similar plea deal that protects him from prosecution for several crimes.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Gary Wang, Caroline Ellison
Companies	Inner City Press, FTX, Alameda, U.S. Attorney’s Office for the Southern District of New York
Currencies	None
Securities	None