Caroline Ellison was CEO of Alameda but did not own it, while Gary wang owned 10% of Alameda

Written by legalpdf | Published 2022/12/28
Tech Story Tags: cryptocurrency | sbf | sam-bankman-fried | ftx | ftx-bankruptcy | sec-v.-ellison-and-wang | caroline-ellison | gary-wang

TLDRSEC v. Ellison and Wang is part of HackerNoon’s Legalpdf Series. This is part 5 of 12- Defendants.via the TL;DR App

Securities and Exchange Commission (the “Commission”) v. Caroline Ellison (“Ellison”) and Zixiao “Gary” Wang (“Wang”) Court Filing, Dec 21 2022 is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 5 of 12.

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Case Number: 1:22-cv-10794

Plaintiffs: Securities and Exchange Commission (the “Commission”)

Defendants: Caroline Ellison (“Ellison”) and Zixiao “Gary” Wang (“Wang”)

Filing Date: Dec 21, 2022

Location: US District Court, Southern District of New York

Filer: Jorge G. Tenreiro, David L. Hirsch (not admitted in SDNY), Ladan F. Stewart, Amy Harman Burkart, David J. D'Addio - Attorneys for the Plaintiff


DEFENDANTS

13. Caroline Ellison (“Ellison”), age 28, was employed at Alameda beginning in or around March 2018. Ellison was the co-CEO at Alameda from in or around October 2021 to in or around August 2022, when she became the sole CEO==(2)==. Ellison’s employment at Alameda was terminated on or about November 18, 2022. Ellison, a United States citizen, resided in Hong Kong and The Bahamas during the relevant period.

14. Zixiao “Gary” Wang (“Wang”), age 29, was a co-founder and the Chief Technology Officer of FTX and co-founder and 10% owner of Alameda. Wang’s employment at FTX was terminated on or about November 18, 2022. During the relevant period, Wang, a United States citizen, resided in Hong Kong and The Bahamas.

(2) Ellison served as CEO of Alameda Research Ltd., a subsidiary of Alameda Research LLC. For clarity, as set forth in paragraph 17, the complaint refers to Alameda Research LLC and its subsidiaries collectively as “Alameda.”

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Published by HackerNoon on 2022/12/28