Sunday, January 29, 2023

Caroline Ellison will spend the rest of her life in prison for fraud

Caroline Ellison, 28, Considered a mathematical genius pleads guilty to electronic fraudFor more than one thousand 450 million dollars.

Alison She was the CEO of a cryptocurrency company called FTX, The same one that was founded by his former partner, Sam Bankman, and which went bankrupt in late 2022 with 10 creditors owed $1.45 billion.

young math genius Admitted to two counts of wire fraudtwo counts of conspiracy to commit wire fraud, conspiracy to commit commodity fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering, The same one who can give him up to 110 years in jail.

“As part of their fraud, we allege that Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange cryptocurrency token that was an integral part of FTX, to inflate the value of its house of cards. to increase,” the commission detailed. American Securities and Exchange

According to the media, Semna Ellison helped his then-partner and FTX founder move over $10 billion With the money of the customers, they used to serve in all kinds of ‘tax havens’.

Bankman and Ellison, along with eight other youths They ran the company while sharing the same $40 million home.is in the Bahamas.

FTX claimed it owed $1 billion to its principal creditors, however, The platform’s creditors have a debt of more than three billion dollars. According to a judicial file cited by BBC Mundo note.

Caroline Ellison was included in Forbes magazine’s ’30 Under 30′ list because of her success. But the scale of the scandal has been such that the New York Post compared it to the Enron affairs or Bernie Madoff’s Ponzi scheme.

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Nation World News Desk
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