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Is Caroline "snitching" on SBF? Very likely

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by COINS NEWS 77 Views

She has gone silent ever since this whole thing exploded. Furthermore, according to CNBC today:

Howard Fischer, a former Securities and Exchange Commission lawyer, told CNBC, “Given the speed of the government complaints and the indictment, it seems likely that former FTX employees (most likely those in senior positions) were cooperating with the authorities, most likely in exchange for leniency.”

“With a large case like this, there is often a rush to be the first one in the prosecutor’s door, because the value of cooperation diminishes rapidly if all you can offer is a duplicate of what the authorities already have,” said Fischer, a partner with the law firm Moses & Singer.

Fischer, referring to former Alameda CEO Caroline Ellison, said, “While it is not known yet if that is the case, or who might be cooperating at this point, I would not be surprised if Ms. Ellison was one of the first person’s seeking to help the prosecution.”

Tbh it doesn't surprise me if true. Besides, SBF has already taken a few shots at Caroline, probably because he already suspectes of her collaboration.

If true, SBF will take the heat and she will walk out free for the most part. Although seeing SBF get prosecuted for his fraud feels good, I will be mildly annoyed if she gets to live the rest of her life as if she didn't willingly screw over so many peoples lifes.

Edit (from CNBC): Caroline own lawyer is the former co-head of SEC’s Division of Enforcement, and she knows how the system works and how to work it to her client’s advantage.

submitted by /u/RealVoldemort
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