Caroline Ellison whined SBF breakups made work at Alameda 'painful' in private writings: report

Caroline Ellison whined SBF breakups made work at Alameda ‘painful’ in private writings: report

Disgraced FTX founder Sam Bankman-Fried’s on-again, off-again polyamorous gal pal Caroline Ellison worried about “causing drama” over their multiple breakups, the former Alameda Research CEO reportedly confessed in private writings.

Ellison, who is set to be a key witness when Bankman-Fried faces trial this fall for allegedly bilking FTX customers out of billions of dollars, detailed her unhappiness and discomfort with their relationship before the firm imploded last November in a series of Google documents, according to the New York Times, which has viewed the posts.

In one entry from February 2022, Ellison, now 28, wrote that the star-crossed lovers were at risk of “making things weird” and “causing drama” at the company, worrying “it doesn’t really feel like there’s an end in sight,” the Times reported.

In another post addressed addressed to Bankman-Fried in April 2022, Ellison wrote that an earlier breakup with him had “significantly decreased my excitement about Alameda.”

The Stanford grad, who was plucked by Bankman-Fried to run FTX’s sister company Alameda, added she “felt too associated with you in a way that was painful.”

The previously unreported personal writings, including Ellison’s handwritten diary, have “circulated among lawyers involved in the case,” according to the Times.

Bankman-Fried, who is currently under house arrest, has denied any wrongdoing and pleaded not guilty to the array of charges. His trial starts Oct. 4.

Caroline Ellison’s personal writings are once again in the spotlight.
Twitter / @carolinecapital

Ellison pleaded guilty to federal fraud charges in December, telling a court that she was “truly sorry” for her actions.

In her writings, Ellison expressed doubt about her own leadership abilities at the helm of Alameda – listing “leadership and “decisiveness” as traits she needed to improve.

“Running Alameda doesn’t feel like something I’m that comparatively advantaged at or well suited to do,” Ellison wrote in the April 2022 document.

Caroline Ellison
Caroline Ellison and SBF had an on-and-off relationship.

Her various other posts, especially on social media, have faced intense scrutiny since FTX and Alameda entered the global spotlight last year.

As The Post reported, Ellison raised eyebrows by tweeting about her “regular amphetamine use” in 2021.

Ellison’s personal Tumblr blog, which included graphic references to polyamory, was also picked apart by the public as FTX collapsed.

Caroline Ellison
Caroline Ellison was CEO of Alameda Research.

Sam Bankman-Fried
Sam Bankman-Fried has denied wrongdoing in FTX’s collapse.
Alec Tabak

Ellison and at least two other former FTX executives, Nishad Singh and Gary Wang, are cooperating with authorities in the case.

Her testimony is expected to be critical to convicting Bankman-Fried, given the central role Alameda played. Bankman-Fried and a group of close associates are accused of misappropriating FTX customer funds to cover losses from risky bets at the cryptocurrency hedge fund and to bankroll a lavish lifestyle that included extravagant property purchases in the Bahamas.

A representative for Bankman-Fried did not immediately return a request for comment.

Source by [New York Post]

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