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Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
by tomp 4y ago
Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
- glenngillen 4y agoWasn’t she only CEO for the last couple of months? The previous CEO seems to have completely dodged any scrutiny in all of this.
- xnyan 4y ago2nd in command is a great position to be in when defecting to the government, but probably not scot-free. Expect a year or two in jail vs 3-5 for SBF.
- moralestapia 4y agoI'm sure SBF has plenty of dirt on her as well, and he'll start talking much sooner than anticipated. She will go to jail, definitely.
- mediaman 4y agoDepends how much they needed her cooperation, which will determine how much of a deal she got, if any. If they wanted her cooperation, but didn't absolutely need it, they may have struck a cooperation deal in which she still sees some prison time, but a lot less than she would have after a full prosecution. My gut says that because he was so sloppy in implicating himself, that DOJ may not have strictly needed her, and so total immunity for her is unlikely.
- jcampbell1 4y agoThere is zero chance she was offered a deal. She is cooperating voluntarily in hopes of leniency. Deals screw her credibility on the stand. She will negotiate a deal when all the cases are over.
- singleshot_ 4y agoThis is not correct. Plenty of would-be defendants take deals to testify. Negotiating a deal after you testify is a ridiculous idea and if it has ever happened once, I would love to hear the story.
- jcampbell1 4y agoShe is getting the leniency from the sentencing reform act of 1984 which is predicated on cooperation. No way prosecutors have given her a damn thing. Yes, many cases use snitches because that is the only way to win the case, but it is fraught with peril because of the obvious incentive to lie. Prosecutors avoid deals, and sentencing guidelines already provide for leniency for cooperation. When it is all over, they may, at their own discretion, decide not to pursue charges against her.
- tempsy 4y agoshe isn’t listed as owing money to FTX like many of the other executives so she’s in a better position to cooperate than the others
- dibt 4y ago>...isn’t listed as owing money to FTX from: https://news.bitcoin.com/document-claims-alameda-ceo-caroline-ellisons-ftx-margin-position-was-negative-1-3b-in-may-2022/ https://news.bitcoin.com/document-claims-alameda-ceo-carolin... "...Alameda Research CEO Caroline Ellison’s personal account was in the hole by $1.31 billion in May 2022."
- tempsy 4y agoShe is not personally named as owning money in the FTX bankruptcy documents. Other executives had taken out 8-9 figure loans. I don’t think this is being reported correctly - it’s not her personal account most likely Alameda.
- deleted 4y ago[deleted]
- dahdum 4y agoI haven’t seen any evidence Alameda itself committed any crime, only that they were terrible traders and lost many billions on margin through FTX, who gave them special treatment for collateral. SBF then tried to bail them out with FTX customer funds since he owned both. I think Ellison will get off scot free since she only controlled Alameda, and not entirely. Her crimes are probably minor and worth forgiving for her testimony. At least that’s my hot take.
- buitreVirtual 4y agoShe must have known where the bailout money was coming from (FTX customer funds). Yet she accepted it. That makes her appear as complicit.
- sheepscreek 4y agoI should hope so. The timing of their intimate relationship will play a big part in the entire timeline. What a hot mess.
- richwater 4y agoBeyond a reasonable doubt?
- vkou 4y agoFrom public knowledge, no, it's all speculative. But it's quite possible that after the DOJ finishes twisting enough thumbs, they will have a stronger case against her than you or I do.
- adhdguy 4y agoLet's assume there's no documentation or non-conspiring witnesses who can pin someone, but there are five co-conspirators. They will quickly turn on each other and spill the beans. Literally the prisoner's dilemma. All the government needs to do is threaten 20 years in prison. People will do anything including betraying friends and lovers to get that down to 5 or 10 or zero.
- 4y ago
- kelnos 4y agoDepends on what deal she was offered and what she agreed to. If the feds already had a bunch of evidence against her (or believed they soon would), they may have offered a plea deal (less-serious charges, shorter sentence). If they had nothing, but knew she'd have a lot of dirt, they may have offered her immunity. I'm sure the specifics of the deal (if any) will come to light soon enough.
- jasonhansel 4y agoCooperating with investigators is a good thing, and we should (to an extent) reward it.
- vba616 4y agoEverybody can agree that some bargains are appropriate and others are not, so what people are going to discuss is the dividing line and particular deals.
- yucky 4y ago93% of prisoners are men[1], so it's pretty common that women do not face justice. [1] https://www.bop.gov/about/statistics/statistics_inmate_gender.jsp https://www.bop.gov/about/statistics/statistics_inmate_gende...
- cgy1 4y agoWould need to have more information before coming to such a conclusion, such as the proportion of crimes committed by men vs women, the types of crimes committed by men vs women, etc.
- notch656a 4y agoSame when comparing racial disparity in crime/prison.
- jiscariot 4y agoNational Crime Victimization Survey (NCVS) does a pretty good job. It compiles the stats through interviewing victims of crime, so they aren't coming from enforcement branches.
- notch656a 4y agoAren't there lots of terrible crimes without a victim? Like smoking or growing plants, or owning an NFA restricted firearm item? So looking at victims may not tell the whole picture.
- deleted 4y ago[deleted]
- notdonspaulding 4y agoJustice is what happens when people are held accountable for the wrong things they've done. Nothing about justice requires that punishment be meted out in strict accordance with the demographic breakdown of a population except insofar as wrong things are done in strict accordance with the same demographic categories. Maybe you're assuming that to be the case, but I don't think you'll find any evidence to support such a claim.
- bongoman37 4y ago
- Rapzid 4y agoI'm curious how you arrived at the conclusion she gets away "scot-free".