Caroline Ellison, CEO of Alameda Research, pleads guilty to seven offences

Post by howinteresting » Fri, Dec 23, 2022, 10:45 PM UTC

dclusin wrote: post #58

qbasic_forever wrote: post #50

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She hasn't been sentenced yet. We don't know what the terms of her deal are but they almost certainly involve leniency in the sentencing. Her lawyer likely tried to make a case that the big bad evil SBF sexually manipulated her into committing fraud and actually she's the real victim here.

Leniency is a relative term. It's relative to the size of the harm, number of victims, her centrality to it, etc. If there's a for sure bet to be made here, it's that she will be spending many years in prison for this. Just not her whole life. That's what leniency here means.

Post by actionablefiber » Fri, Dec 23, 2022, 10:48 PM UTC

sillysaurusx wrote: post #38

jacquesm wrote: post #30

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I think you are assuming way too much here. She's not the queen of anything, she's a fraudster that will spend a long time in jail and that has probably much less understanding of the mechanisms involved than you give her credit for. If she did she wouldn't be in the position she's in. The last thing we really need is for people to start lionizing her.

But she’s highly regarded! It’s all just a little joke. Check out https://www.reddit.com/r/wallstreetbets . Also https://m.youtube.com/watch?v=jg85H26wyLk She certainly earned her sentence, and I have no sympathy for her. But isn’t it hard not to be at least a little impressed with the sheer scale of her losses? Getting in the record books for “most money lost by a single individual” is a hard thing to do in general.

Post by rcxdude » Fri, Dec 23, 2022, 10:50 PM UTC

maria2 wrote: post #31

danrocks wrote: post #14

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Didn't Tether get ordered the other day to disclaim all of its reserves? What happened to that? I find it incredible they keep surviving attempts to reveal exactly how the sausage is made in their reserves. https://www.yahoo.com/video/stablecoin-issuer-tether-ordered...

It seems like they were ordered to give the plaintiffs the documents, but they weren’t ordered to publicly release them. NYAG also looked into them last year. They were fined but it doesn’t seem like anything else came of it. > The New York Attorney General’s probe into Tether’s reserves concluded in February 2021 with an $18.5 million settlement. I don’t hold any tether, and I wouldn’t recommend it to others. But th…

Post by pretendscholar » Fri, Dec 23, 2022, 10:53 PM UTC

jjulius wrote: post #60

sillysaurusx wrote: post #38

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But she’s highly regarded! It’s all just a little joke. Check out https://www.reddit.com/r/wallstreetbets . Also https://m.youtube.com/watch?v=jg85H26wyLk She certainly earned her sentence, and I have no sympathy for her. But isn’t it hard not to be at least a little impressed with the sheer scale of her losses? Getting in the record books for “most money lost by a single individual” is a hard thing to do in general.

>It's all just a little joke. Super funny to every single person who lost money to the person "getting in the record books for 'most money lost by a single individual'".

Post by baeaz » Fri, Dec 23, 2022, 10:54 PM UTC

berkle4455 wrote: post #9

andersonmvd wrote: post #4

The 7 offences are not detailed individually in the news, or I couldn't find it.

Two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. Maximum sentence of 110 years.