SBF’s former girlfriend and incompetent lead of FTX’s hedge fund went off on her ex-boss and lover in court today.
The former head of hedge fund Alameda Research went off on her former boss and lover in a court in New York City today.
She cried on her first week at the job, according to journalist Michael Lewis, after learning the company was much less stable than Bankman-Fried had told her. She entered into a relationship with the crypto golden boy, which he refused to acknowledge despite her multiple pleading memos. Now, in his criminal trial, her former boss and lover is attempting to blame the downfall of his operation on her.
But on Tuesday, Caroline Ellison got her revenge.
Wearing a gray blazer and pink dress, Ellison—who has already pleaded guilty to her role in the alleged fraud—took the stand in a downtown Manhattan courtroom as possibly the most important witness in the trial. And she did not hold back.Early in her testimony, a federal prosecutor asked Ellison, 28, if she had committed any crimes during her work at Alameda Research, Bankman-Fried’s hedge fund. “Yes,” she answered. “We did.” Specifically, she said, she had engaged in fraud, conspiracy to commit fraud, and money laundering.
“He directed me to commit these crimes,” she said.
Note to all young workers, it’s probably not a good idea to date your boss or underling.
It’s difficult to determine how this court battle will end. Ellison who is 28 looks to be facing time in prison. For SBF the likelihood of prison time is still questionable. The reason is because of the amount of money that he reportedly laundered to corrupt Democrat politicians.
As reported previously, SBF had quite the racket going. Much of which the DOJ is covering up.
The Biden-Obama DOJ dropped another charge against Sam Bankman-Fried (SBF) from bankrupt FTX in late July.
🚨🚨Huge money-in-politics news.
The Southern District of New York is dropping its federal prosecution of Sam Bankman-Fried on campaign-finance charges, per new letter from prosecutors.
“The Government does not intend to proceed to trial on the campaign contributions count.”… pic.twitter.com/lnJ25NcB6M
— Teddy Schleifer (@teddyschleifer) July 27, 2023
We learned previously that the FTX accounting system is a joke. This multi-billion dollar complex organization utilized QuickBooks for their accounting- a program that is good but is built for small companies, not billion-dollar entities.
In addition, the employees at FTX could borrow billions from the company without a problem. At least $10 billion was moved between FTX and Alameda Research and a $65 billion line of credit was created by Sam Bankman-Fried (SBF) without customers knowing their investments were part of this arrangement.
The company gave money to politicians like $250,000 to the Clintons to help promote the company.
We also know that an FTX co-founder was ordered to create a secret backdoor for laundering money. Additionally, we know that FTX and the Biden White House had a secret back channel that closed the day that FTX declared bankruptcy.
In November 2022 TGP reported that billions were sent to Ukraine from the US. Ukraine took some of this money and invested it in FTX. The far-left Washington Post reported that Ukraine was dealing in crypto.
The Ukrainian government has gathered more than $42 million in cryptocurrency donations since Saturday, plus digital artwork including a limited edition worth roughly $200,000, according to blockchain analytics firm Elliptic. The challenge is how the country cashes in on these assets to fund its war needs.
Amid the Russian invasion of Ukraine, the CEO of FTX, Sam Bankman Fried has come forward to help a crypto donation project. He humbly announced that FTX will be supporting the Ukrainian Ministry of Finance and other communities in collecting crypto donations for the country. The Ukrainian government has received over $60 million in crypto donations from all over the world.
We have no idea how much money was laundered to corrupt Democrats through FTX. Billions were flowing through the company. The company’s financial processes and controls were weak and non-existent.
Money could easily be laundered through any number of cryptocurrencies and the paper trail would be difficult, if not impossible, to unravel. This is why it is likely that a billion or more was laundered to the Democrats and other corrupt politicians.
Elon Musk agrees.
That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) December 3, 2022