Former Alameda Research CEO Caroline Ellison said she and FTX co-founder Sam Bankman-Fried knowingly misled lenders about how much the trading firm was borrowing from the cryptocurrency exchange. Ellison gave her first public account of her actions in a Dec. 19 plea hearing in Manhattan federal court. Ava Benny-Morrison reports on "Bloomberg Markets: The Close."
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Francisco Gimeno - BC Analyst It seems Caroline Ellison is cooperating with the US law to put all the responsibility on the alleged charges against SBF and in this way to get a better deal as she has pleaded guilty to some charges together with another associate. This will be a complicated case, and it may be the start of the pulling of a thread which leads to many other people in different places and positions. Where did all the money go?