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Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury.
The charge was similar to practices uncovered after the collapse of the second largest cryptocurrency exchange, FTX, last year.
Ellison pleaded guilty to seven counts of fraud, money laundering and conspiracy after the collapse of FTX last fall.
Prosecutors allege the 31-year-old stole funds from FTX, a crypto exchange he founded, both for personal use and to cover losses at a separate hedge fund.
WHAT'S HAPPENING
The FTX founder, who's on trial for fraud, gave Brady and Steph Curry an hourly rate that boggles the mind, said "Going Infinite" author Michael Lewis.
Alexander Mashinsky has been charged with securities, commodities and wire fraud.
The host of "Last Week Tonight" shows how to spot "bulls**t" when it comes to your money.
Minhaj exposes the clout-chasing sociopaths trying to get your dough.
FTX's new head says he has never seen "such a complete failure of corporate controls and such a complete absence of trustworthy financial information."
The lawsuit alleges that these sports and TV celebrities brought instant credibility to FTX, and should be held culpable.
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