Is Caroline Ellison Related To Larry Ellison: Ellison is the daughter of Glenn Ellison, the Gregory K. Palm (1970) Professor of Economics at MIT, and Sara Fisher Ellison, an economist at the same institution who coached Ellison’s math team when she was in middle school.
She was raised in a suburb of Boston. She attended Newton North High School and competed for the United States in the 2011 International Linguistics Olympiad.
In 2012, she received a National Merit Scholarship. Ellison earned a bachelor’s degree in mathematics from Stanford University in 2016. She achieved rankings in the top 500 students in the 2013, 2014, and 2015 Putnam Competitions while attending Stanford. Similarly, we can now see individuals looking for Is Caroline Ellison Related To Larry Ellison.
Is Caroline Ellison Related To Larry Ellison?
FTX co-founder Gary Wang and Caroline Ellison, the former CEO of Alameda Research and purported ex-girlfriend of FTX CEO Sam Bankman-Fried, were recently detained.
Damian Williams, the U.S. Attorney for the Southern District of New York, confirmed that Ellison and Wang had both admitted guilt to fraud charges and had agreed to assist investigators in the ongoing probe.
According to a statement from the Securities and Exchange Commission, Ellison and Wang are accused of running a “multi-year plan to deceive FTX stock investors.” According to the regulator, Ellison reportedly directed Bankman-Fried to influence the price of FTT.
The Commodity Futures Trading Commission also acknowledged that Ellison and Wang were the targets of its alleged fraud charges. Earlier this month, Bankman-Fried was detained in the Bahamas and charged with several crimes, including wire fraud, money laundering, commodity fraud, securities fraud, and violations of campaign financing laws.
The CEO of FTX was held by the FBI and would soon be returned to the US. He may spend up to 115 years in jail if found guilty on all eight counts. According to The Washington Post, Ellison pleaded guilty to seven charges and could have received up to 110 years in jail if found guilty on all of them.
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What Is Caroline Ellison’s Net Worth?
According to The Sun, Ellison is said to have a net worth of $15 million. Ellison, born in November 1994, is the son of Glenn and Sarah Ellison, the department head of economics at MIT and an economics professor, respectively.
She participated in math competitions while attending Newton North High School, including the Math Prize For Girls. Ellison, 28, continued her studies in mathematics at Stanford University, where she, three years in a row, placed in the top 500 students in the Putnam Competitions.
At her first employment as a junior trader at Jane Street, she started dating Bankman-Fried. Ellison’s career took off once she joined Alameda Research in 2018; in October 2021, she was promoted to co-CEO alongside Sam Trabucco.
What Is Her Family Background?
The economists Sara Fisher and Glenn Ellison’s child, Caroline Ellison (Photo credit: Getty Images ) The American economist Sara Fisher and Glenn Ellison’s daughter is Caroline Ellison. Gregory K. Palm (1970), a professor of economics at MIT, and his wife are also economists there.
Ellison attended Newton North High School while growing up in the Boston suburbs. She received a National Merit Scholarship in 2012 after representing the United States at the 2011 International Linguistics Olympiad.
In middle school, her father served as the math team’s coach. In 2016, Ellison earned a mathematics bachelor’s degree from Stanford University. She constantly placed in the top 500 students during her time in college, in 2013, 2014, and 2015, respectively, in the Putnam contests.
After earning his degree, Ellison began working at Jane Street, where he allegedly met Sam Bankman-Fried. When Sam Trabucco resigned as CEO of Alameda Research in August 2022, she took over as CEO. She joined the company in March 2018 and was named co-CEO in 2021.
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After CoinDesk questioned Alameda Research’s history and relationship with FTX, Caroline Ellison has come under fire. After Sam Bankman-Fried was arrested, she encountered additional legal challenges, and on December 18, she opted for a plea deal.
According to reports, she admitted guilt to conspiracy to commit money laundering, commodities fraud, securities fraud, and wire fraud against FTX consumers and Alameda Research lenders.
After FTX, Alameda Research, and more than 100 affiliated companies filed for Chapter 11 bankruptcy, John J. Ray III removed Ellison from her job. According to The New York Post, Sara and Glenn Ellison were reportedly seen leaving their Massachusetts house earlier this month. According to reports, the pair appeared unclean in their Hyundai Kona.
