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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (194427)	12/26/2022 11:11:15 AM
From: Pogeu Mahone	Respond to of 220217

HOME FINANCE Caroline Ellison told a judge she's 'truly sorry' for defrauding FTX customers – and 'knew that it was wrong' Sam Tabahriti Dec 26, 2022, 5:00 AM The former CEO of Alameda Research pleaded guilty to seven counts on December 19. Tyler Le, Rebecca Zisser/Insider Caroline Ellison told a judge she's "truly sorry" for her role in FTX's collapse, per New York Times. The former CEO of Sam Bankman-Fried's Alameda Research pleaded guilty to seven counts on December 19.The charges included wire fraud and conspiracy to commit securities fraud. Caroline Ellison apologized for her role in defrauding customers and investors of cryptocurrency exchange FTX, telling a judge she "knew it was wrong," according to a transcript of her plea hearing seen by The New York Times. The former CEO of Sam Bankman-Fried's crypto-trading firm Alameda Research told US District Judge Ronnie Abrams in Manhattan federal court "I am truly sorry for what I did. I knew that it was wrong," the newspaper reported. The 28-year-old was released on a $250,000 bond after pleading guilty to seven counts on December 19 in the FTX case. The charges include wire fraud and conspiracy to commit securities fraud, according to her plea agreement. The court unsealed the transcript of her plea hearing on December 22. Ellison told the judge she went along with the decision of her ex-boyfriend Bankman-Fried and others to conceal the close relationship between FTX and Alameda, according to the transcript seen by The Times. She also said she agreed with the decision to divert billions in customer deposits at FTX to pay off loans of Alameda. "I understood that if Alameda's FTX accounts had significant negative balances in any particular currency, it meant that Alameda was borrowing funds that FTX's customers had deposited on the exchange," according to a transcript of the hearing reported by Bloomberg. She also admitted to FTX executives receiving billions in hidden loans from Alameda, Reuters reported. A lawyer for Ellison didn't immediately respond to a request for comment by Insider. Bankman-Fried, 30, faces eight criminal charges stemming from a scheme authorities believe he orchestrated by misappropriating billions in customer deposits to fuel trading at Alameda, pay off loans, buy real estate, lend money to FTX executives, and make millions in campaign contributions. He was extradited last week from the Bahamas, where FTX was based, after being arrested on December 12. Pictures showed him "chilling" in the American Airlines lounge at JFK Airport before heading to his parents' home in California on December 22. FTX filed for Chapter 11 bankruptcy protection on November 11 after it imploded, wiping out customer deposits worth billions. Bankman-Fried resigned as CEO the same day. FINANCE Caroline Ellison told a judge that FTX executives secretly borrowed billions from Alameda Research, report says Caroline Ellison Alameda research FTX Exchange More... Sam Bankman-Fried's story keeps getting wilder and weirder as details emerge from his past and more people speak out.Insider's Phil Rosen breaks down the latest updates in the tumultuous Sam Bankman-Fried and FTX saga.Business Insider A massive aquarium in Berlin burst, releasing 265,000 gallons of water and 1,500 tropical fishThe world's largest freestanding cylindrical aquarium burst in Berlin's Radisson Blu hotel lobby on December 16, releasing 265,000 gallons of water. How many others lied to the Jan 6th committee? Cassidy Hutchinson says she initially lied to the January 6 committee about a claim that Trump grabbed the steering wheel of his SUV and lunged at a Secret Service agentBusiness Insider