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Former FTX figure Ellison takes platform lead at Manifund, prompting redemption debate
business28 days ago

Former FTX figure Ellison takes platform lead at Manifund, prompting redemption debate

Caroline Ellison, the ex- Alameda Research CEO who pled guilty in the FTX fraud case, has reportedly begun a full-time role at Manifund to help develop its platform and research how philanthropic dollars should be directed. The hiring followed a period of secrecy, including Ellison working under a pseudonym during a work trial, and has sparked a mixed reaction about redemption, transparency, and accountability in the EA-aligned nonprofit world.

via Business Insider|
#austin-chen#business#caroline-ellison
SBF Seeks Presidential Pardon Amid Ongoing Appeals and Clemency Efforts
politics4 months ago

SBF Seeks Presidential Pardon Amid Ongoing Appeals and Clemency Efforts

Sam Bankman-Fried has formally requested a presidential pardon through the DOJ’s Pardon Attorney, asking for a pardon after completing his 25-year sentence for the FTX collapse, with his appeal pending in New York. Trump has shown no clear interest in granting clemency, while SBF has publicly pursued clemency tactics and given interviews from prison as part of his push.

via Gizmodo|
#clemency#donald-trump#ftx
Bankman-Fried seeks presidential pardon from Trump
politics4 months ago

Bankman-Fried seeks presidential pardon from Trump

Sam Bankman-Fried, the former FTX CEO convicted of fraud and serving a 25-year sentence, has formally applied for a presidential pardon with the Justice Department. The move would restore certain civil liberties after he completes his sentence but would not erase the conviction. He has signaled support for Trump from prison, despite previously donating to Democratic campaigns, and Trump has previously said he does not plan to pardon him.

via CNN|
#donald-trump#ftx#justice-department
SBF pursues presidential pardon as 2026 DOJ filing surfaces
politics4 months ago

SBF pursues presidential pardon as 2026 DOJ filing surfaces

Sam Bankman-Fried has formally requested a presidential pardon from Donald Trump, with DOJ records showing a 2026 filing for a 'pardon after completion of sentence' that remains pending. He is serving a 25-year federal sentence for a fraud scheme tied to FTX and Alameda Research. Trump has previously said he has no intention of pardoning him, and there were no comments from the White House or DOJ.

via CNBC|
#doj#donald-trump#ftx
Caroline Ellison Walks Free After 14 Months in FTX Fraud Case
business8 months ago

Caroline Ellison Walks Free After 14 Months in FTX Fraud Case

Caroline Ellison, former Alameda Research head and on‑again partner of Sam Bankman-Fried, was released from federal custody after serving about 14 months for seven charges tied to the FTX fraud; she testified against Bankman‑Fried, who received a 25‑year sentence, and Ellison was ordered to forfeit $11 billion, marking a late chapter in one of the largest U.S. financial-fraud investigations.

via The Guardian|
#business#cryptocurrency#ellison
Caroline Ellison Released to Home Confinement After FTX Case
business8 months ago

Caroline Ellison Released to Home Confinement After FTX Case

Caroline Ellison, former Alameda Research CEO and star witness in Sam Bankman-Fried’s trial, has been released from federal custody after roughly 14 months and will serve the remainder of her two-year sentence under community confinement (home confinement or a halfway house) with three years of supervised release; Bankman-Fried remains imprisoned on a 25-year sentence.

via Business Insider|
#alameda-research#business#caroline-ellison
Sam Bankman-Fried Seeks Trial Reset Amid Legal Battles
legal11 months ago

Sam Bankman-Fried Seeks Trial Reset Amid Legal Battles

A court is reviewing whether Sam Bankman-Fried's trial was fair after his lawyers argue that he was unfairly given an early preview of his testimony, which they claim influenced the verdict. Bankman-Fried was convicted of multiple fraud charges related to the collapse of FTX, and his legal team is seeking a new trial, citing procedural errors and unfair practices during his original trial.

via Business Insider|
#appeal#fraud#ftx
Bankman-Fried Reflects on FTX Collapse and His Role in Its Downfall
business1 year ago

Bankman-Fried Reflects on FTX Collapse and His Role in Its Downfall

Sam Bankman-Fried, the former CEO of FTX, admitted that his biggest mistake was handing control of the company to new management before its bankruptcy, which he claims cost him a chance to save the firm. Following the collapse of FTX and its sister company Alameda Research, Bankman-Fried is serving a 25-year sentence for multiple felony charges. The company has since been working to repay creditors, with billions already distributed, and is estimated to have up to $16.5 billion in recoverable assets.

via Cointelegraph|
#bankman-fried#bankruptcy#business
FTX to Distribute $1.6 Billion to Creditors on September 30, 2025
finance1 year ago

FTX to Distribute $1.6 Billion to Creditors on September 30, 2025

FTX is set to distribute $1.6 billion to creditors on September 30th, slightly less than initially promised, which could potentially boost altcoin markets amid high optimism, although the impact depends on how much funds re-enter the crypto space. Meanwhile, Sam Bankman-Fried plans to appeal his conviction, adding to the ongoing developments in the crypto world.

via AMBCrypto|
#altcoin#cryptocurrency#finance