Caroline Ellison's Diary: Key Evidence in Sam Bankman-Fried's FTX Fraud Case

Caroline Ellison, the co-CEO of cryptocurrency trading firm Alameda Research, pleaded guilty to charges of conspiracy to commit wire fraud, commodities fraud, securities fraud, and money laundering in December 2021. Ellison was a major player in Sam Bankman-Fried's corrupt crypto empire and had access to billions in customers' money with few safeguards. She received $6 million in payments and loans over the life of the collapsed cryptocurrency exchange. Ellison agreed to help federal prosecutors build their case against Bankman-Fried in exchange for a lessened sentence.