- The Commodity Futures Trading Commission (CFTC) closed her civil case on August 19.
- Ellison accepted a five-year trading ban and a 10-year registration ban without a new fine.
- Ellison is now hired by charity Manifund, where she works under the name 'Carol' and built a reconciliation tool that flagged misregistered transactions worth six-figure amounts.
- Regulators pointed to her cooperation and to an $11.02 billion criminal forfeiture already on the books. A separate Securities and Exchange Commission (SEC) order bars her from officer and director roles at public companies, a restriction noted when she left prison in January.
Caroline Ellison, the former CEO of Alameda Research, has transitioned to a full-time role at charity Manifund after serving two years in prison for her involvement in the FTX scandal.
Ellison, now working under the name Carol, began a work trial on July 13 and was officially hired on August 10, according to Manifund cofounder Austin Chen. He expressed his belief in her redemption, stating, "I believe in redemption. Caroline has admitted her faults, worked to make creditors whole, and served her time in prison."
During her time at Manifund, Ellison has developed a reconciliation tool that identifies misregistered transactions worth six-figure amounts.
The Commodity Futures Trading Commission (CFTC) closed her civil case on August 19, which included a five-year trading ban and a ten-year registration ban, reflecting her cooperation with regulators.
This decision comes alongside an existing $11.02 billion criminal forfeiture already in place. Additionally, a separate Securities and Exchange Commission (SEC) order prohibits her from holding officer and director roles at public companies, a restriction noted upon her release from prison in January.
“Ellison accepted a five-year trading ban and a 10-year registration ban without a new fine, with regulators citing her cooperation and an $11.02 billion criminal forfeiture. She built a reconciliation tool at Manifund that flagged misregistered transactions worth six-figure amounts.”
Yahoo Finance
