The young woman, like her ex-boyfriend Sam Bankman-Fried, the founder of FTX, was a student at the prestigious MIT (Massachusetts Institute of Technology).
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| Caroline Ellison, ex-girlfriend of FTX's Sam Bankman-Fried, pleaded guilty to fraud. - Photo: Video capture of @unusual_whales |
Caroline Ellison, 28, was the director of Alameda Research, a trading company affiliated with cryptocurrency exchange FTX, a Bahamas-based cryptocurrency exchange that filed for bankruptcy last November, following allegations of fraud. Ellison accepted the fraud charges and could face up to 100 years in prison.
Ellison is the eldest of three daughters of a pair of economics professors at the Massachusetts Institute of Technology (MIT). Since childhood she was a natural mathematician, when she was eight years old she gave her birthday father an economic study of the prices of stuffed animals Toys "R" Us.
She was part of her father's high school math team and received top honors in several American math competitions.
In 2012 he graduated from high school with a National Merit Scholarship from the mathematics department, the Ron Barndt Award.
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In 2016, he graduated from the prestigious Stanford University with a bachelor's degree in mathematics, during his studies he obtained a score among the top 500 students in the Putnam competitions of 2013, 2014 and 2015.
The year before, 2022, the young woman was part of Forbes magazine's "30 Under 30" list.
FTX, Sam Bankman-Fried and Caroline Ellison
Last November, surprisingly, the Bahamas-based company FTX went in a week from being the third largest bitcoin and cryptocurrency exchange site in the world, to a company declared bankrupt.
Sam Bankman-Fried, a young man who was also the son of professors at the prestigious Stanford University and a physics graduate from MIT, created in 2017 the firm Alameda Research, a company that became the investment branch of FTX, that is, it was the company in which cryptocurrencies became other assets.
Sam Bankman-Fried is charged with eight U.S. crimes — money laundering, wire fraud, securities fraud and campaign finance violations — are on the list.
According to a statement issued by Sanjay Wadhwa and published in Forbes magazine, the deputy chief compliance officer of the U.S. Stock Exchange said that both Bankman-Fried and Ellison hid information from investors.
"They were actively engaged in a scheme to withhold material information from FTX investors, including through the efforts of Mr. Bankman-Fried and Ms. Ellison to artificially prop up the value of FTT, which served as collateral for undisclosed loans Alameda obtained from FTX pursuant to its undisclosed and virtually unlimited line of credit," the statement said.
Wadhwa also claims in the statement that both, along with the deputy director of FTX, concealed the real risks faced by cryptocurrency investors: "By surreptitiously diverting FTX client funds to Alameda's books, the defendants concealed the very real risks faced by FTX investors and clients."
According to the US press, the young woman would have accepted before the courts that she and Bankman-Fried kept the information hidden from investors, related to the exchange of funds between Alameda Research and FTX.
Bankman-Fried is under house arrest at his parents' home after posting $250 million bail after being extradited to the United States from the Bahamas.
Currently, Ellison could face a sentence of more than 100 years in prison, however, she could also be prosecuted only for criminal tax offenses and be released, after the payment of a bail of $ 250,000, under an information agreement that is working with the Prosecutor's Office.