Caroline Ellison admits to concealing billions of dollars of FTX loans

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24 Dec 2022 0 shares 1 views

Caroline Ellison admits to concealing billions of dollars of FTX loans

Upworthy

Published 24 Dec 2022

FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ellison reached an arrangement with former FTX CEO Sam Bankman-Fried that allowed FTX to borrow funds…

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Caroline Ellison admits to concealing billions of dollars of FTX loans

Caroline Ellison admits to concealing billions of dollars of FTX loans

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FTX execs hid $8 billion in liabilities in a customer account that Bankman-Fried referred to as 'our Korean friend's account,' CFTC prosecutors allege

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Caroline Ellison told a judge that FTX executives secretly borrowed billions from Alameda Research, report says