Barnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more than $1 billion in frozen cryptocurrency so they could continue their con to cheat investors out of their money.
Another idea that was floated was to hire Thai prostitutes and use their accounts to arrange trades with Alameda that they knew would be bad and therefore would transfer value away from Alameda's accounts and to the sex workers, Ellison said. In part two of the plan, Alameda would reclaim the assets from the Thai prostitutes through nonfrozen accounts. Unsurprisingly, the bizarre plan did not work.
Ellison told jurors she lied to her employees about the illegal payout because she"didn't want the facts of our crimes to get out." The defense has already hinted it would go after Ellison, painting her as a deeply insecure woman who wasn't very good at her job, failed to follow instructions, and didn't deserve the massive salary she pulled in.
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