Will Caroline Ellison Testify Against Sam Bankman-Fried?

Former FTX CEO Sam Bankman-Fried (SBF) is currently facing various fraud and money laundering accusations. Meanwhile, Caroline Ellison, the former CEO of Alameda Research, is likely to assist authorities in proving some accusations against FTX’s ex-CEO.

SBF and Caroline are the two executives at the heart of the FTX crypto exchange’s disastrous fall. However, it appears that they are now turning on each other.

The lawyer for XRP investors, John Deaton, has dismissed his claims about SBF’s arrest and accusations. He advised that SBF face 100% money laundering accusations as a result of Caroline’s cooperation.

The XRP lawyer stated that authorities did not require much assistance in convicting SBF of wire fraud and other offenses. Caroline’s assistance and testimony, however, will be required in order to prove money laundering accusations.

Ellison is likely to flip on Sam over his pushed responsibility for losing $8 billion in customer money.

According to Charles Gasparino, a FOX Business journalist, there are rumors in legal circles that Caroline Ellison is seeking for a specialized lawyer. He speculated that Caroline had hired the politically connected WilmerHale firm.

He further stated that WilmerHale has close relationships with the US Attorney’s Office in Manhattan. While it is well-known for plea bargains. Caroline’s action signals that she is likely to work with prosecutors to turn the tables on SBF.

Find out more information about Sam Bankman-fired at Coincu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News