Per week earlier than his shock arrest within the Bahamas on the behest of New York prosecutors, Sam Bankman-Fried’s ex-girlfriend and former CEO was noticed within the Massive Apple stepping out for a espresso.
Caroline Ellison, 28, was seen at a espresso store in downtown New York Metropolis on December 4, just a bit over per week earlier than her FTX founder ex was taken into custody in Nassau, and solely 4 days earlier than he was secretly indicted by a grand jury in New York.
Now, it stays unclear if she too could face prices for what prosecutors are calling ‘one of many greatest monetary frauds in American historical past’.
Ellison was the CEO of Alameda, the crypto funding agency owned by Bankman-Fried that prosecutors say was used to funnel billions of {dollars} via from FTX, as a ‘private piggy financial institution’ for the now disgraced founder.
Caroline Ellison, 28, was seen at a espresso store in downtown New York Metropolis on December 4, 4 days earlier than SBF was secretly indicted by a grand jury in NYC, and just a little over per week earlier than his arrest
Ellison, 28, has not but commented on her ex-boyfriend’s arrest. She served as CEO of Alameda, the crypto funding agency he ran and allegedly used to steal $1.8billion from shoppers on FTX
Sam Bankman-Fried is proven being led away from court docket within the Bahamas on Tuesday evening after being denied bail
She is known as within the charging paperwork a number of instances, together with different members of SBF’s millennial gang, however has not but been arrested.
In a warning yesterday nevertheless, Damian Williams, United States Lawyer for the Southern District of New York, stated extra prices can be filed within the coming days and weeks.
‘We aren’t performed,’ he stated in unequivocal phrases, warning that yesterday’s announcement of prices towards Bankman-Fried have been simply the ‘first’ step.
He’ll stay in custody within the Bahamas till his subsequent court docket look on February 8.
Yesterday, he begged for mercy from a Bahamian Justice of the Peace, claiming he could not be put in jail due to he suffers from despair and follows a strict vegan weight-reduction plan.
U.S. lawyer Damian Williams warned that extra prices can be pending towards others. ‘We aren’t performed,’ he stated
The SEC indictment alleges a fraud of $1.8billion
The doorway to the Fox Hill Jail, now generally known as the Bahamas Division of Corrections
Ellison has employed Stephanie Avakian former director of the US Securities and Alternate Fee’s Division of Enforcement and Anjan Sahni, who led investigations into accomplices of Bernie Madoff
His mom and father, each Stanford legislation professors, have been in court docket to consolation him after the choice.
SBF maintains that the American department of his crypto-trading platform, FTX US, is solvent and that he would be capable of pay ‘everybody again’ who misplaced cash on the worldwide arm, FTX Worldwide, if the federal government unfroze his belongings.
The corporate nevertheless filed a Chapter 11 earlier this yr which might recommend there isn’t any cash.
He claims he was pressured into it.
Ellison was the CEO of Alameda and was additionally FTX’s girlfriend, dwelling with him and a few of their associates within the Bahamas.
Not one of the others concerned have but been charged, together with Nishad Singh and Gary Wing, who’re each stated to have made billions via crypto.
They’re all now mendacity low within the wake of the bombshell prices by each federal prosecutors in New York and the SEC.
FTX Director of Engineering Nishad Singh additionally lives within the penthouse with Sam Bankman-Fried
