“From 2019 to 2022, I was aware that Alameda was provided access to a borrowing facility on FTX,' ex-Alameda CEO Caroline Ellison said.
that featured screenshots of Ellison’s unsealed guilty plea transcript. Russell Lee said that the plea arraignment was “held in secret, and not docketed until today, once Bankman-Fried was freed on $250 [million] bond.” If Ellison’s testimony is true, the document highlights a number of infractions both FTX and Alameda executives partook in since 2019.
Ellison Understood FTX Customer Funds Were Used to ‘Finance FTX’s Loans to Alameda,’ Ex-Alameda CEO Is ‘Truly Sorry’ for What She Did Furthermore, Ellison said in or around July 2022 to October 2022, she agreed with SBF to “provide materially misleading financial statements to Alameda’s lenders.” Ellison said that the team served lenders botched quarterly reports that obfuscated “the extent of Alameda’s borrowing.” The ex-Alameda CEO also elaborated that she was aware that FTX’s equity investors were kept in the dark about the nature of FTX’s and Alameda’s co-mingled relationship. “I agreed with Mr.
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