Who is Caroline Ellison and FTX co-founder Gary Wang?

Former Alameda Research chief executive Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to criminal charges related to the collapse of crypto exchange FTX, with Ms Ellison facing up to 110 years in prison.

Who is Caroline Ellison?

NEW YORK (AP) — Caroline Ellison, the tech executive who ran Sam Bankman-Fried ’s hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss thought he might be U.S. president someday.

Did Ellison & Wang defraud FTX investors?

The Securities and Exchange Commission allege that Ellison and Wang actively participated in a “scheme to defraud” the investors. Between 2019 and 2022, Ellison manipulated the price of FTT, FTX’s security token, “at the direction of” Bankman-Fried, regulators alleged.

Who was the only woman involved in FTX?

In these early stages, Ellison was the only woman involved in the project. As FTX started to snowball, Ellison largely remained behind the scenes. She became CEO of Alameda in April this year. One slightly unnerving element of this entire story is the living-working together situation.