Submitted by Hardscrabble Farmer
Caroline Ellison Throws SBF Under The Bus: Pleads Guilty To Fraud, Agrees To Cooperate With The DOJ
Two weeks ago, when amid reports that the former CEO of Alameda Capital (which as a reminder was ground zero of the FTX implosion after it blew up $8 billion in FTX client funds on trades gone horribly wrong), Caroline Ellison, was spotted in New York just after retaining Clinton superlawyer, Jamie Gorelick of Wilmer Hale, which as readers may recall was the former No. 2 ranking member in the Clinton Justice Department, and in a recent interview, she referred to current AG Merrick Garland as her “wingman”, we asked if Caroline had rolled on Sam Bankman-Fried, who was also her former lover.
Fast forward to today when we just got confirmation that Caroline Ellison has fucked Bankman-Fried one final time by indeed rolling on him, and “turning states” in the criminal prosecution of the corpulent “Hairy Plotter“, who commingled and stole the client money in his FTX exchange to fund a series of terrible crypto bets at his personal hedge fund Alameda, fund tens of millions in donations to democrats and buy up prestigious real estate for himself and his “altruistic” progressive lawyer parents.
According to a Manhattan Federal prosecutor, two of FTX founder Sam Bankman-Fried’s closest associates have pleaded guilty to fraud and agreed to co-operate with US authorities investigating the collapse of the bankrupt cryptocurrency exchange. In other words, they took a plea deal to avoid even more prison time in exchange for serving SBF on a silver platter to the Feds.
Damian Williams, the US attorney for the Southern District of New York, announced the guilty pleas and criminal charges against Caroline Ellison and Zixiao “Gary” Wang, the low profile co-founder of FTX, in a short video statement. His office had brought eight charges against Bankman-Fried last week.
Ellison pleaded guilty to seven counts, including wire and securities fraud and conspiracy to commit money laundering, which carry a maximum sentence of 110 years in prison, while Wang pleaded guilty to four counts of fraud, with a maximum 50-year sentence.
The documents said prosecutors would not oppose bail requests from both defendants under certain conditions, including posting a bond and handing in their travel documents, as they awaited formal sentencing.
Concurrently, the Securities and Exchange Commission and the Commodity Futures Trading Commission also filed civil lawsuits against the 28-year-old Ellison and 29-year-old Wang, accusing them of fraud.
“As part of their deception, we allege that Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange crypto security token that was integral to FTX, to prop up the value of their house of cards,” said SEC chair Gary Gensler. Furthermore, as CEO of the FTX trading affiliate, Ellison “used FTX’s customer assets to pay Alameda’s debts” and diverted billions of dollars of depositors’ money to the company to fill a hole caused by a crypto market crash in May, the SEC’s complaint alleges.
The CFTC said Wang had a hand in creating some of the algorithms that underpinned FTX, which allowed Alameda “to maintain an essentially unlimited line of credit” on the exchange, giving it an “unfair advantage” over regular depositors. “These critical code features and structural exceptions allowed Alameda to secretly and recklessly siphon FTX customer assets from the FTX platform.”
Both defendants are co-operating with the SEC, the agency said. The CFTC said they were not contesting their liability. Which means that SBF is looking at a lot of prison time, unless he too can throw someone even more important and powerful under the bus…
… although if that is the case, he probably will be Epsteined within hours of arriving at MDC Brooklyn, singe MCC New York where Epstein “killed himself”, has been closed since August 2021 due to deteriorating conditions.
While Ellison’s superlawyers have yet to make a statement, a lawyer for Wang, Ilan Graff, said: “Gary has accepted responsibility for his actions and takes seriously his obligations as a co-operating witness.”
Last week, the DOJ filed charges against Bankman-Fried and accused him of orchestrating “one of the biggest financial frauds in American history” by misappropriating customer assets from FTX to Alameda Research. He was arrested in the Bahamas, where he lives. He is also facing parallel civil cases from the SEC and CFTC.
Williams reiterated his call for others who worked with Bankman-Fried to come forward. “If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it,” he said. “We are moving quickly and our patience is not eternal.” One of them is former Alameda CEO Sam Trabucco, best known for quietly bailing on Sam just as everyone was about to blow up and fleeing on his multi-million dollar new yacht.
The announcement from Williams comes just after a plane carrying Bankman-Fried took off from the Bahamas, where he waived his right to challenge extradition to the US. He is due to appear in a Manhattan court as soon as Thursday, where his bail request will be considered, although in light of Caroline’s plea, it is safe to say it won’t be granted.
The details in the SEC’s complaint have been laid out nicely by the following twitter account…
… and the full complaint can be found below (link here)
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Helen of Oy
Come on, give it to me. That’s fuggin’ funny. It’s a variant of Tourette’s, but funny.
P.S.: Girl “friend”. Uh huh.
Just another Butter Faced spawn of the inbred liberal elite…Jewish royalty.
Note the problem glasses
.
And who was the reporter who was immediately fired for simply pointing out the FACT that the entire fraudulent assembly of kikes were in fact all Jewish? Remember what Voltaire pointed out two centuries ago, “If you want to find out who rules over you, just find out who you can’t criticize.” Got it?
Now you know why the Orthodox fuck em through a hole in a sheet lol.
But I thought that wearing sheets was outlawed long ago … or, at the very least, seriously frowned upon …
Alien hybrid?
Lowbrid
Inbred Washington State stock if ever I saw it.
Caroline Ellison, a young ding-bat hires a Clinton super lawyer (who was invloved in 9-11), tells me SBF invested stolen funds in many, many Democratic campaigns. Possibly laundered Ukraine money as well. This will never see the light of day, same as Epstein’s island vistor list.
Truly Amazing, what those Follywood FX Makeup artists have done so well, for so long.
Sweet indeed!
remove the prosthetic proboscis? Those glasses can’t hang there on ANY normal nose.
Little bit of Dawn®?
See what the Ugly Duckling REALLY looks like under the facade, on one of the…
https://www.hotels.com/go/world/best-luxury-beaches-world
Side note: In that photo, SBF really looks like a slightly chubbier and younger Justin Trudeau, who, as we know, curiously resembles Fidel. Is that the connection?
(Especially the huge ear lobes and big ears, which both of them are trying to hide with slightly longer hair, always looking as if they are 2 months overdue a haircut. Runs in the family, see Fidel’s son Fidel Angel Castro Diaz-Balart and his brother Raul Castro )
They just look like two thieving joos to me. Two joos that just happened to slip past all regulatory eyes and whose families are ACTIVE eugenists. But Sammy Bankster-Fraud is sorry and totally clueless where tens of billions of dollars could have gone, so there’s that.
Clueless but schmart. Living in Eilat with a few billion safely saved ain’t so bad is it?
Auntie- What are the chances that two homely goy could loot a crypto exchange and a hedge fund? Umm, I’d say zero, they would go directly to maximum security prison cells after a quick trial and conviction in the media.
Letting your hair and gut grow out might help as a disguise…..ugly glasses, horrible perm…one or two hits from a bong peen hammer…clothes from the neighbourhood drop box, almost there.
I know, I forgot Contract, herpes and leprosy, failing those monkeypox. Authentic costumes are best.
clever but not smart
Isn’t it amazing how dysgenic these eugenicists are?
Bankman-Fried has been freed on 250 MILLION $$$$$$$ bail. The largest pre-trial bond in history.
No big deal, he just used a small portion of the stolen money to pay. Next will be the whisking away to a country that won’t extradite him.
If only he’d murdered a few folks, he’d be out without having to post bail …
If you like your shekels, you can keep your shekels…reeeee
Better yet — if you like someone else’s shekels — you can keep their shekels, too …
Another view….
FTX/Alameda’s Caroline Ellison and Gary Wang Sign Plea Deals for Seven Felonies in Hopes of Reduced Sentences; New SEC Filing Adds Charges Based on Deeming FTT a Security
The new filing maintains that SBF was and remained “the ultimate decision maker” with full access to all records and systems, though the bankruptcy. However, the SEC document has Ellison and Wang admitting they knew SBF was diverting funds this way, which makes them co-conspirators.
It looks as if Ellison has already provided some detail of how she propped up the price of FTT tokens, allegedly at the behest of SBF, to preserve their value as collateral for borrowings (as in prevent loans from being called and help get new loans). Most of the press tends to focus on the misuse of customer funds, as in fraud against FTX customers. But the filings all together describe frauds against other victims: lenders, equity investors, and the IRS (money laundering), along with the seemingly victimless crime of campaign finance fraud (making donations in the name of other parties).
This crap goes on everyday. They just pissed off the wrong people.
She will cooperate with the DOJ in covering up the money laundering operation. There, I fixed it for you.
To think these privileged babbling millennial shits did not know what was going on is pure fantasy. Ellison giggled like a schoolgirl in an interview when questioned about losing investors funds as if she lost the cash mommy sent her to the store with for milk . As for little white Sambo he seems to have the attention span of Dory in finding Nemo !
They’re all dumb like a fox as for the fast talking prick on the yacht Trubacco it’s claw back time for you speed talker !
To say you work tirelessly ya sure Ill bet setting up a series of economic trades to act as they are profitable right up to the time of detonation is hard work .
It’s a lesson anyone can master , first you watch congressman and senators in action and then observe feral cats scurrying about covering each other’s shit !
Easy Peasy Lemon Squeezy !
Jamie Gorelick was chair of the 911 Hide the Truth Commission. From the other names involved it would appear Clintons were neck deep in this grift as was D party. Surprised? Yeah, probably not.
Oh, they were also smart enough to throw just enough $ at R’s to keep them quiet and give media some fodder too.
I’m guessing after SBF’s suicide these people get some time at Fed Country Club then Badfinger pardons or commutes on his way out the door. In a short time this will be forgotten.
You are correct sir! The average attention span for the typical American is 3 days.
Calling BS. I’d say closer to 1 and a half, at most.
The amount of monies these people and their ” investors” have is staggering.
Unimaginable.
I anxiously await the results.
( If that chick doesn’t appear to have a 3rd grade mentality, I don’t know what)
She is a button, isn’t she….
Kinda looks like she got hit by the truck that delivers the ugly sticks.
He’ll be “suicided” in jail, then whisked off to Israel with a makeover and new identity, just like Epstein.
Nope, released on 250M bond to his parents house.
The definition of White privilege (or wealthy Democrat privilege)
You mean (((privilege))).
Lol. He’s was supposedly getting sent to the same jail Epstein didn’t kill himself in. Probably haven’t turned the cameras back on yet, so it looks bad for him.
Looks like she could eat corn on the cob through a chain link fence.
She looks like an actual character from South Park. Hideous.
He looks like a, well … regyoulah fucken Joo cocksucker. Super hideous.
I’ve seen better looking heads on a mug of beer
caroline of not-troy living the stereotype.
I loled at the headline.
Sorry I didn’t get to this sooner. Just some observations and a couple of questions:
1. ‘ho pissed in ‘er gene pool?
2. ‘ho would want to with a wharf-rat.
3. Guess SBF is red-pilled now.
4. ‘e’s gonna ‘aff ta change ‘is name to Bankman-Fryed.,cause
7. ‘e’s on the platter, cooked to a succulent brown and even got a apple in ‘is mouth.
8. The jokes are gonna write themselves and finally,
9 Thank God for TBP! Even my cell-phones auto-correct wouldn’t let me send some messages about this, this morning.
10. If I stole anybody’s lines, I’m sorry. You will have plenty of time to make your mark on this one.
Regardless of ethnicity or related cultural differences, if there’s a woman involved, she’ll roll. They lay on some threats and promises and viola boy, you’re going upstate.
great grand daughter of shylock batman what is that?