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Who is Caroline Ellison, and what is she famous for?
Caroline Ellison is a famous and Successful American Trader. She is a former corporate executive and quantitative trader from the United States. She was previously the CEO of Alameda Research, a trading firm linked to the FTX bitcoin exchange.
According to an unknown source quoted in the Wall Street Journal in November 2022, Alameda Research owes FTX $10 billion.
According to the source, FTX loaned money to the trading company using FTX client funds. Ellison’s employment was terminated following the bankruptcy filings of FTX and Alameda.
In December 2022, Ellison filed a guilty plea to four charges: conspiracy to commit securities fraud, money laundering, wire fraud, and two counts of conspiracy to commit wire fraud.
One of the famous and successful American businessmen, Caroline Ellison, Net Worth today is estimated to be $15 Million according to 2024 Update.
Caroline Ellison Net Worth & Professional Career
Ellison began her career in quantitative trading with two internships at Jane Street, a New York City proprietary trading firm, while she was still a Stanford student.
Ellison started working full-time as an equities trader at Jane Street in September 2016, following in the footsteps of his mentor, Sam Bankman-Fried, who left the firm to become the development director at the Centre for Effective Altruism in Berkeley, California.
Ellison and Bankman-Fried became fast friends after discovering a shared passion for effective altruism.
On a business trip to the San Francisco Bay Area in February 2018, Ellison had coffee with Bankman-Fried and tried to convince her to join Alameda Research, a cryptocurrency hedge fund she and influential altruism colleague Tara Mac Aulay had formed in November 2017. Ellison started the following month after that.
Her “blind jump,” she explained, was motivated by her enthusiasm for arbitraging cryptocurrency prices and the possibility of furthering her ambition of earning to give. Ellison joined the firm with more outstanding trading expertise than most colleagues.
In October 2021, Caroline Ellison was promoted to co-CEO alongside Sam Trabucco. After Trabucco resigned as CEO of Alameda Research in August 2022, she took over the role independently.
In response to questions raised by CoinDesk about Alameda Research’s balance sheet and its ties to FTX on 6 November 2022, Ellison stated that the publicly available information only represented a portion of Alameda’s assets and that the company held more than $10 billion in additional assets.
The Wall Street Journal and The New York Times cited unnamed sources who claim to have seen Ellison’s 9 November 2022 video meeting with employees in which she admits that she, Bankman-Fried, and two other FTX executives, Nishad Singh, and Gary Wang, were aware that FTX had used customer money to help Alameda meet its liabilities.
After FTX, Alameda Research, and more than a hundred affiliated companies filed for Chapter 11 bankruptcy, John J. Ray III fired Ellison.
The idea that Ellison ran an anonymous Tumblr blog has gained traction. Ellison never claimed ownership, but Bankman-Fried told the New York Times she was the blog’s author because it linked to Ellison’s Twitter.
When Ellison and other FTX executives contributed to the FTX Foundation’s Future Fund, it intended to support charitable initiatives. However, the foundation ceased operations when its senior staff resigned, citing an inability to honor grants and concerns about the legitimacy of its funding.
The Famous American Trader and Businesswoman Caroline Ellison Net Worth today is estimated to be $15 Million as of the 2024 Update.
Caroline Ellison Biography & Education
Ellison was born in Boston and raised in the Boston suburbs of Cambridge and Newton. She is the eldest of Glenn and Sara Fisher Ellison’s three daughters, all MIT economists.
She and her siblings, she claims, were introduced to economics at a young age and studied Bayesian statistics in primary school. When Ellison was eight, she gave her father a Toys “R” Us economic analysis of stuffed animal costs for his birthday.
Ellison and her younger sister Anna competed in math tournaments with Bigelow Middle School’s math team, led by their father. Ellison took first prize in the American Mathematics Competitions in 2008.
She represented the United States in the 2011 International Linguistics Olympiad as a Newton North High School student, where she received an honorable mention as well as a reward for “best solution.”
Ellison was a member of her high school’s squad and its captain in the Greater Boston Math League.
Newton took part in the Math Prize for Girls on several occasions. During her senior year, Ellison was accepted into the MIT PRIMES after-school program.
She graduated in 2012 after receiving the Ron Barndt Award, a National Merit Scholarship from the math department. She recommended her freshman self to “Join the math team” in the school newspaper’s graduation edition.
In 2016, Ellison graduated from Stanford University with a bachelor’s degree in mathematics. At Stanford, she was ranked in the top 500 students in the Putnam Competitions in 2013, 2014, and 2015.
As a student, Ellison became interested in the data-driven charity movement known as effective altruism. She joined the Stanford Effective Altruism Club and rose to the post of vice president.
Caroline Ellison Net Worth today is estimated to be $15 Million according to the 2024 Update
How much is Caroline Ellison Net Worth in 2024 by Forbes?
According to our research on Networth202.com, we found out that the famous American Trader “Caroline Ellison” has an estimated net worth of $15 million as of the 2024 update.
How does Caroline Ellison make money?
Caroline Ellison generates his Net Worth majorly from her Profession. From her profession, we mean as an American Trader, he is the Former CEO of FTX.
Caroline Ellison Legal Issues & Controversies
Ellison chose WilmerHale partner Stephanie Avakian in December 2022 after a lengthy search. On December 18, Ellison pled guilty in the Southern District of New York to charges of commodities fraud, securities fraud, money laundering, and wire fraud against Alameda Research lenders and FTX clients.
Gary Wang, co-founder of FTX, also pled guilty to several charges that day.
A transcript of her plea heading was unsealed on December 23, in which she admitted to Judge Ronnie Abrams that she and others conspired to steal billions of dollars from FTX customers while misrepresenting the company’s investors and lenders.
After hearing Ellison’s testimony, Judge Abrams discovered that Sam Bankman-Fried and other FTX officials had received billions of dollars in secret loans from Alameda Research.
Who is Caroline Ellison Boyfriend?
The famous American Businesswoman Caroline Ellison is reported to be in no romantic relationship as of this moment
How old is Caroline Ellison? Height and Weight
The famous American Businesswoman and Trader known professionally as Caroline Ellison is reportedly in her 20s. She stands pretty tall. After we studied her height, we found out she stands at 5 feet 5 inches. Similarly, our report also shows her weight is around 52Kg
Is she alive or dead?
According to our research Networth202.com, she is still alive as of the 2024 update.
Watch Caroline Ellison Recent YouTube Interview
Summary
- She was born in 1994 in New York City, U.S
- Her full name is “Caroline Ellison.”
- She is a former corporate executive and quantitative trader from the United States
- Her net worth is estimated to be $15 Million as of the 2024 update.
- She was previously the CEO of Alameda Research, a trading firm linked to the FTX bitcoin exchange
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