Caroline Ellison Biography
Caroline Ellison is a former corporate executive and quantitative trader from the United States. She was previously the CEO of Alameda Research, a trading firm linked with the bitcoin exchange FTX.
Ellison won first place in the American Mathematics Competitions in 2008 and represented the United States in the 2011 International Linguistics Olympiad. She competed in the Greater Boston Math League and represented Newton in the Math Prize for Girls on multiple occasions. She was admitted into the MIT PRIMES after-school program during her final year and graduated with a National Merit Scholarship in 2012. She earned a bachelor’s degree in mathematics from Stanford University in 2016 and placed in the top 500 students in the Putnam Competitions in 2013, 2014, and 2015.
Ellison became interested in effective altruism, a data-driven philanthropy movement, as a freshman. She became a member of Stanford’s effective altruism club and later served as its vice president.
Caroline Ellison Age (What age is Caroline Ellison?)
She is 28 years old as of November 2022. She was born in November 1994 in Boston, Massachusetts, United States.
Caroline Ellison Boyfriend( Relationship)
Unspecified former employees reported accounts of a romantic relationship with coworker Sam Bankman-Fried. According to Business Insider, CoinDesk singled out Ellison’s apparent relationship with Bankman-Fried. According to Bankman-Fried, his relationship with Ellison was brief.
Caroline Ellison Family(Parents and Siblings)
Ellison was born in Boston and raised in the surrounding towns of Cambridge and Newton. She is the eldest daughter of Glenn and Sara Fisher Ellison, both MIT economics professors. She claims that she and her siblings were introduced to economics at a young age, learning Bayesian statistics in primary school. For her father’s birthday when she was eight years old, Ellison sent him an economic study of stuffed animal prices from Toys “R” Us. Ellison and her younger sister Anna competed on their father’s math team at Bigelow Middle School.
Caroline Ellison FTX
On November 6, 2022, after CoinDesk raised concerns about Alameda Research’s balance sheet and its relationship with FTX, Ellison stated that the balance sheet information released only included a portion of Alameda’s assets, and that the firm had more than $10 billion in additional assets.
According to anonymous sources cited by the Wall Street Journal and The New York Times, Ellison was in a video meeting with employees on November 9, 2022, where she admitted that FTX had used customer money to help Alameda meet its liabilities and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were all aware of the situation. John J. Ray III fired Ellison after FTX, Alameda Research, and more than 100 associated companies filed for Chapter 11 bankruptcy.
Caroline Ellison Tumblr
Ellison is popularly believed to have maintained an unsigned Tumblr blog. Ellison never claimed ownership of the site, but it was linked to Ellison’s Twitter account. Bankman-Fried identified herself as the author to the New York Times. She championed racial science on her blog.
Caroline Ellison Net Worth
She has an estimated net worth of $5 Million.
Caroline Ellison Career
Ellison began her career in quantitative trading while attending Stanford with two internships at Jane Street, a New York City-based proprietary trading firm. Ellison joined Jane Street full-time as an equities trader in September 2016, as part of a cohort supervised by Sam Bankman-Fried, who left the firm a year later to become director of development at the Centre for Effective Altruism in Berkeley, California.
Ellison and Bankman-Fried became friends over their shared interest in effective altruism and stayed in touch. Ellison met Bankman-Fried for coffee in February 2018 while visiting the San Francisco Bay Area, and pushed her on joining Alameda Research, a cryptocurrency hedge fund co-founded in November 2017 by Bankman-Fried and effective altruism colleague Tara Mac Aulay. Ellison joined the company the following month.
She explained that her “blind leap” was motivated by her excitement about arbitraging cryptocurrencies and the opportunity to enhance her aim of earning to give. Ellison had more experience than most of the other dealers when she joined. In October 2021, she and Sam Trabucco were named co-CEOs. After Trabucco stepped down in August 2022, she became the sole CEO of Alameda Research.
Caroline Ellison Arrest
Ellison recruited Stephanie Avakian of the law firm WilmerHale as her lead attorney in December 2022. Ellison pleaded guilty in the Southern District of New York on December 18 to conspiracy to commit wire fraud on FTX customers, conspiracy to commit wire fraud on Alameda Research lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. On the same day, FTX co-founder Gary Wang pleaded guilty to a number of crimes. On December 23, a transcript of her plea hearing was unsealed, revealing that she revealed to judge Ronnie Abrams that she and others planned to steal billions of dollars from FTX consumers while misleading its investors and lenders.
Ellison told Judge Abrams that Sam Bankman-Fried and other FTX officials had received hidden loans from Alameda Research totaling billions of dollars. According to court records, Ellison received $6 million from Alameda Research, which is around 75% less than her male competitors.
READ MORE; Chris Anderson Bio, Age, Wife, Ted Talk, Tattoos, Net Worth, Book
