One of many key witnesses on the continued FTX investigation might evade all of the seven counts of allegations towards her with a plea deal. Former Alameda Analysis CEO Caroline Ellison could be prosecuted just for legal tax violations and might be launched instantly by paying the $250,000 bail.

A plea deal between Ellison and the Workplace of the USA Lawyer for the Southern District of New York was published on Dec. 21. In keeping with the doc, the previous Alameda exec might be spared of all the key fees, which might have value her as much as 110 years in jail.

Ellison was alleged by the lawyer on seven counts. Two of them for participating in a conspiracy to commit wire fraud on prospects of FTX and the wire fraud itself. One other two for participating in a conspiracy to commit wire fraud on lenders of Alameda Analysis and the wire fraud itself. Rely 5 charged her with conspiracy to commit commodities fraud, depend six — for conspiracy to commit securities fraud to FTX fairness buyers. With the seventh depend, she might be charged with conspiracy to commit cash laundering.

The Lawyer’s Workplace agrees to not prosecute Ellison on any of the seven counts in change for her cooperation — the entire disclosure of all the knowledge and paperwork demanded by the Workplace.

The result of SBF’s prosecution might decide how the IRS treats your FTX losses

The settlement doesn’t present safety towards every other fees that Ellison may face from every other authorities. It additionally excludes a potential prosecution for legal tax violations, ought to they be revealed by the courtroom proceedings.

The Workplace is not going to object to Ellison’s launch on the bail circumstances, that are the $250,000 bond, the restriction to go away the U.S. and surrendering all journey paperwork.

In the meantime, the previous CEO of FTX, Sam Bankman-Fried is now within the custody of the Federal Bureau of Investigation (FBI) and on his means again to the U.S., the place he might be transported on to the Southern District of New York to look earlier than a decide.