Caroline Ellison Bio | Wikipedia
Caroline Ellison is a popular American former business executive and quantitative trader who pleaded guilty to fraud, money laundering, and conspiracy charges in December 2022. She worked as the CEO of Alameda Research founded by Sam Bankman-Fried, the trading firm affiliated with the cryptocurrency exchange FTX. As per an anonymous source cited by the Wall Street Journal in November 2022, Alameda Research owed $10 billion to FTX. The source claimed FTX had lent the trading firm money from customer funds at FTX. Caroline was removed from her position after FTX and Alameda filed for bankruptcy.
In December 2022, Caroline pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud as well as conspiracy to commit money laundering. While attending Stanford, Caroline started her career in quantitative trading with two internships at Jane Street, a proprietary trading firm in New York City. In September 2016, Caroline joined Jane Street full-time as an equities trader in a cohort mentored by Sam Bankman-Fried, who left the firm a year afterward to work as director of development at the Centre for Effective Altruism in Berkeley, California. She and Sam Bankman-Fried bonded over an interest in effective altruism and remained in contact.
Caroline Ellison Age
Caroline was born in November 1994, in Boston, Massachusets, in the United States. She is 29 years old.
Caroline Ellison Height
She is a woman of average stature. Caroline stands at a height of 5 ft 4 in ( Approx. 1. 6m ).
Caroline Ellison Parents
She was born in Boston and grew up in the nearby suburbs of Cambridge and Newton. Caroline is the eldest of three daughters of Glenn and Sara Fisher Ellison, both economists at MIT. Caroline was brought up Catholic. Her siblings are Kate and Anna. She said that she and her siblings were exposed to economics early, learning Bayesian statistics in primary school. At age 8, Caroline gave her father an economic study of stuffed animal prices from Toys “R” Us for his birthday. At Bigelow Middle School, Caroline and her younger sister Anna competed with the math team coached by their father. In 2008, Caroline received top honors in the American Mathematics Competitions.
Caroline Ellison Father | Dad
Caroline’s father Glenn Ellison works as a Professor of Economics at the Massachusetts Institute of Technology (MIT). Glenn earned an A.B. degree in mathematics from Harvard College. He is a Fellow of the American Academy of Arts and Sciences.
Caroline Ellison Mother
Her mother Sara Fisher Ellison works as a Senior Lecturer in the MIT Economics Department. Sara was an undergraduate at Purdue University and received graduate degrees from both Cambridge University and MIT. Sara has been a fellow at both the Institute for Advanced Study and the Hoover Institute.
Sam Bankman Fried Caroline Ellison | Boyfriend
Caroline briefly dated former co-worker Sam Bankman Fried an entrepreneur and investor who was the founder and CEO of the cryptocurrency exchange FTX and associated trading firm Alameda Research. Accounts about dating colleague Sam Bankman-Fried were reported by unspecified former employees. Sam told Good Morning America his relationship with her was brief.
Caroline Ellison Education
As a Newton North High School student, Caroline represented the US in the 2011 International Linguistics Olympiad and earned an honorable mention and an award for “best solution”. Later on, Caroline graduated from Stanford University in 2016 earning a bachelor’s degree in mathematics. While at Stanford, Caroline scored in the top 500 students in the 2013, 2014, and 2015 Putnam Competitions. As a freshman, she also developed an interest in effective altruism, a data-based philanthropic movement.
Caroline Ellison Alameda | Alameda Research | Alameda Research CEO
In February 2018, while visiting the San Francisco Bay Area, Caroline met Bankman-Fried for coffee where he pitched her on joining Alameda Research, a cryptocurrency hedge fund co-founded in November 2017 by Sam and effective altruism colleague Tara Mac Aulay. Caroline joined the next month. Caroline said her “blind leap” was based on excitement over arbitraging cryptocurrencies and the potential to further her pursuit of earning to give. When she joined, Caroline had more experience than most of the other traders. Caroline became co-CEO along with Sam Trabucco in October 2021. Caroline became the sole CEO of Alameda Research in August 2022 after Trabucco left.
On November 6, 2022, after CoinDesk raised concerns about the balance sheet of Alameda Research and its relationship with FTX, Caroline said that the balance sheet details that had been released only included some of Alameda’s assets and that the firm had more than $10 billion of additional assets.
As per anonymous sources cited by the Wall Street Journal and The New York Times, Caroline was in a video meeting with employees on November 9, 2022; she also acknowledged there that FTX had used customer money to help Alameda meet its liabilities and that she, Sam, and two other FTX executives, Nishad Singh, and Gary Wang, were aware of the circumstances. Caroline was terminated from her position by John J. Ray III after FTX, Alameda Research, and over 100 related companies filed for Chapter 11 bankruptcy.
Caroline Ellison FTX
She is known for her tenure as the CEO of Alameda Research, a defunct cryptocurrency trading firm tied to the collapse of FTX, for which Caroline has pleaded guilty to multiple financial crimes.
Caroline Ellison Religion
She was raised a Catholic.
Caroline Ellison Newton | Newton North
During her time as a Newton North High School student, Caroline represented the US in the 2011 International Linguistics Olympiad and got an honorable mention and an award for “best solution”. She competed in the Greater Boston Math League through her high school and worked as the team’s captain. Caroline represented Newton many times in the Math Prize for Girls. During her senior year, she was accepted into the MIT PRIMES after-school program. Caroline graduated in 2012 with a National Merit Scholarship.
Caroline Ellison Net Worth
She gets her wealth from his work as a former business executive and quantitative trader who pleaded guilty to fraud, money laundering, and conspiracy charges. Therefore, Caroline has accumulated a decent fortune over the years. Caroline’s net worth is $20 million.
How Old Is Caroline Ellison
Caroline is a 29-year-old who was born in November 1994, in Boston, Massachusets, in the United States.
How Tall Is Caroline Ellison
Caroline is a woman of average stature who stands at a height of 5 ft 4 in ( Approx. 1. 6m ).
Who Is Caroline Ellison
She was the CEO of Alameda Research, a trading firm launched by Sam Bankman-Fried. Caroline oversaw many of the risky bets Alameda took with FTX customers’ crypto tokens. Caroline served as the head of Alameda Research — the trading firm through which Sam Bankman-Fried moved crypto tokens in tandem with running FTX. Amidst the revelation that FTX borrowed money from customer accounts to fund bets through Alameda.