Caroline Ellison, the math genius behind the FTX fraud

Besides. She was part of the mathematics undergraduate program at the prestigious Stanford University, until reaching her diploma and shortly before the scandal was uncovered, the young woman was featured in; “The 30 under 30” of Forbes magazine.

The judicial process of this genius of mathematics, points her out having used funds deposited on the platform by clients to carry out speculative operations. Also, having invested some of that money in real estate in the Bahamas.

According to a statement issued by Sanjay Wadhwa and published in Forbes magazine, the deputy director of compliance for the United States Stock Exchange assured that both Bankman-Fried and Ellison withheld information from investors.

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“They were actively involved 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 that Alameda obtained from FTX pursuant to its virtually unlimited undisclosed line of credit,” the document states.

According to the American press, the young woman would have accepted in court that she and Bankman-Fried they kept the information hidden from investors, related to the exchange of funds between Alameda Research and FTX.

While Bankman-Fried is under house arrest at his parents’ home, having posted $250 million in bail, Ellison faces a sentence of more than 100 years in prison.

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