Also any informed opinion regarding her plea deal: Generous, not-generous, unusual, routine? ianal but 110 years to 0 years seems pretty sweet. Also didn't note any agreement to forever stay away from other people's money (since she agreed that she "is in fact guilty" [of conspiracy to defraud, wire-fraud, ..]
Not so fast. The plea agreement does not include immunity:
> According to their plea agreements, Ms. Ellison and Mr. Wang are expected to truthfully disclose information to investigators, provide requested evidence and appear in front of a grand jury or court proceeding if asked. In exchange, the government will inform the judge of the defendants’ assistance and request lesser sentences.
[1]: https://www.wsj.com/articles/two-associates-of-ftx-founder-s...
He resigned as CEO this July, well after supposedly they tapped into customers funds.
I'm sure we'll hear about him too, one way or the other.
(Note that it's a description of the agreement, rather than the full text of it directly.)
[1] https://www.documentcloud.org/documents/23495436-crypto-coop...
This promise to sing for prosecution is presumably not good news for SFB, that is understood. But SEC official names were being dragged into this when it broke via guilt by association. And that connection was via Caroline and her family. Maybe a nothing burger, but maybe there is actually some beef involved. How does this plea agreement affect that potential and alleged connection, in legal theory?
- was this too generous?
- who else besides Caroline Ellison would benefit here now that she has her deal? (Related to first q ..)
She's pleading to what, seven major felonies as I recall? And there is no agreement on a reduced sentence aside from "the prosecution will ask for lesser sentences" which doesn't mean the judge is going to agree. She didn't get some kind of a sweet deal, she got the "we have enough to put you in jail until you're elderly, but if you make it easy we'll ask the judge to reduce it so middle age" agreement. They clearly have the upper hand.
"The agreement states that if Ellison fully cooperates with the SDNY's investigation, as well as any other law enforcement agency designated by the office, she won't be further prosecuted criminally except for possible criminal tax violations with regard to the wire and commodity fraud charges that resulted from commingling funds between FTX and Alameda accounts. The deal does not guarantee that other agencies will not pursue prosecution at a later date."
https://www.coindesk.com/business/2022/12/22/caroline-elliso...
Different potential charges relating to taxes are on the table but that guilty plea to seven counts of felony carry no prison time. So it is "110 to 0 years" modulo potential tax related charges, if any.