If SBF is also going for plea bargain, will various government institutions ask from him to get some dirt on Tether (and on Binance)? Might be that they are more interested in campaign financing.
In the last paragraph on page 3 of the plea letter, we see that most of the counts cover the period from 2019-2022 (2020 for the money laundering). Thus, the crimes that Ellison is pleading guilty to were going on while Trabucco was the co-CEO.
According to Wikipedia, he "officially became the co-CEO in October 2021", and resigned in August 2022.[1]
According to the SEC civil lawsuit against SBF, SBF was running Alameda the whole time, including when Ellison and Trabucco were nominally the co-CEOs. The CFTC lawsuit against SBF, FTX, Aand Alameda asserts the same, and that SBFs resignation as CEO of Alameda was done to create the false image of strong separation between Alameda and FTX.
Ellison apparently had a real role in the fraud, but I don’t know that it’s clear that Trabucco was anything other than a face set up as a distraction, in terms of substantive role.