- It seems probable that former FTX workers were complying with authorities.
- Caroline Ellison has gone silent ever since this whole thing exploded.
- Caroline’s attorney reportedly worked at the SEC as its co-head of enforcement.
In a recent interview with CNBC earlier this week, Howard Fischer, a former SEC lawyer says “it seems probable that former FTX workers were complying with authorities, most likely in return for leniency.” Caroline Ellison, the former CEO of Alameda Research, is one of the top executives alleged of snitching on Sam Bankman-Fried.
Read CRYPTONEWSLAND on
google news
Furthermore, according to CNBC, Caroline Ellison has gone silent ever since this whole thing exploded.
“With a large case like this, there is often a rush to be the first one in the prosecutor’s door, because the value of cooperation diminishes rapidly if all you can offer is a duplicate of what the authorities already have,” said Fischer.
Fischer, referring to former Alameda CEO Caroline Ellison, added, “While it is not known yet if that is the case, or who might be cooperating at this point, I would not be surprised if Ms. Ellison was one of the first person’s seeking to help the prosecution.”
According to the cryptocurrency community on Reddit, SBF will take the heat, for the most part, and Caroline will remain unharmed if this is true. Although having SBF convicted for his fraud feels nice for FTX investors, many would be unhappy if she gets to spend the rest of her life as if she didn’t intentionally ruin so many people’s lives.
According to a Reddit user, Caroline likely has to prove that she didn’t know the shady deals that were really going on in order to save herself.
In the same vein, Caroline’s attorney reportedly worked at the SEC as its co-head of enforcement. This means she has a firm grasp of the ins and outs of the system and can effectively advocate for her client inside it.
Read Also :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
