Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief – Bitcoin News
After extra consideration has been solid on the previous Alameda Analysis CEO Caroline Ellison, a report particulars that Ellison has employed Wilmerhale companion Stephanie Avakian, an lawyer that labored for the U.S. Securities and Change Fee (SEC). The information follows leaked documentation of Ellison’s alleged margin place, and the ex-Alameda govt reportedly being noticed at a restaurant in Soho.
Ex-Alameda Analysis Exec Is Reportedly Being Represented by Former SEC Official
Only in the near past, the FTX co-founder and former CEO, Sam Bankman-Fried (SBF), mentioned that he was “willing to testify” on Dec. 13, 2022, earlier than the U.S. Home Committee on Monetary Providers. Within the meantime, the media and crypto group members have been centered on the whereabouts of former Alameda Analysis CEO Caroline Ellison.
The ex-Alameda govt has been silent since FTX collapsed and it was as soon as assumed she was in Hong Kong. Speculators additionally reported on Nov. 26 that Ellison allegedly left Hong Kong and fled to Dubai, however these reviews had been unverified. In more moderen occasions, an FTX insider shared an alleged doc reportedly tied to Ellison that confirmed a damaging FTX margin stability of round $1.3 billion in Could 2022.
Moreover, a Twitter account known as Autism Capital tweeted that Ellison might have been noticed at a restaurant in Manhattan with the FTX workforce’s workplace canine Gopher. This weekend, Bloomberg reported that sources say, Stephanie Avakian, a companion at white-shoe legislation agency Wilmerhale, is representing the previous Alameda CEO.
“Stephanie Avakian, [a] former enforcement division chief at the Securities and Exchange Commission, is representing Ellison along with other lawyers at her firm, [Wilmerhale], according to people familiar with the matter,” Bloomberg’s Ava Benny-Morrison wrote on Dec. 10, 2022.
The information follows reviews that detailed SBF purportedly retained lawyer Mark Cohen, the lawyer who represented Ghislaine Maxwell throughout her latest intercourse trafficking case. SBF’s new lawyer was disclosed by SBF’s spokesperson, Mark Botnick. So far as Ellison’s alleged lawyer, Avakian, the lawyer grew to become a companion of the legislation agency Wilmerhale in 2020. The lawyer has been concerned with high-profile legislation circumstances related to Tesla’s Elon Musk, Ripple Labs, and Normal Electrical.
Stephanie Avakian is the previous U.S. Securities and Change Fee (SEC) enforcement director. Avakian left the SEC function in 2020 to hitch Wilmerhale, however throughout her time with the SEC, she labored with the enforcement crackdowns towards preliminary coin choices (ICOs) that began in 2017.
Based on Bloomberg and reporters on the New York Publish, representatives from the legislation agency Wilmerhale haven’t commented on reviews regarding Ellison’s ostensible illustration. If the reviews about SBF’s and Ellison’s alleged authorized representations are true, the 2 have managed to retain two prestigious legal professionals to defend them.
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Jamie Redman
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