Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief – Bitcoin News

After extra consideration has been solid on the previous Alameda Research CEO Caroline Ellison, a report particulars that Ellison has employed Wilmerhale associate Stephanie Avakian, an lawyer that labored for the U.S. Securities and Exchange Commission (SEC). The information follows leaked documentation of Ellison’s alleged margin place, and the ex-Alameda government reportedly being noticed at a restaurant in Soho.

Ex-Alameda Research Exec Is Reportedly Being Represented by Former SEC Official

Just just lately, the FTX co-founder and former CEO, Sam Bankman-Fried (SBF), said that he was “keen to testify” on Dec. 13, 2022, earlier than the U.S. House Committee on Financial Services. In the meantime, the media and crypto group members have been targeted on the whereabouts of former Alameda Research CEO Caroline Ellison.

The ex-Alameda government 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 experiences had been unverified. In newer occasions, an FTX insider shared an alleged document reportedly tied to Ellison that confirmed a unfavorable FTX margin steadiness of round $1.3 billion in May 2022.

Additionally, a Twitter account referred to as Autism Capital tweeted that Ellison might have been spotted at a restaurant in Manhattan with the FTX staff’s workplace canine Gopher. This weekend, Bloomberg reported that sources say, Stephanie Avakian, a associate at white-shoe regulation agency Wilmerhale, is representing the previous Alameda CEO.

“Stephanie Avakian, [a] former enforcement division chief on the Securities and Exchange Commission, is representing Ellison together with different attorneys at her agency, [Wilmerhale], in keeping with folks aware of the matter,” Bloomberg’s Ava Benny-Morrison wrote on Dec. 10, 2022.

The information follows experiences that detailed SBF purportedly retained lawyer Mark Cohen, the lawyer who represented Ghislaine Maxwell throughout her current intercourse trafficking case. SBF’s new lawyer was disclosed by SBF’s spokesperson, Mark Botnick. As far as Ellison’s alleged lawyer, Avakian, the lawyer turned a associate of the regulation agency Wilmerhale in 2020. The lawyer has been concerned with high-profile regulation circumstances related to Tesla’s Elon Musk, Ripple Labs, and General Electric.

Report: Alameda's Caroline Ellison Retains SEC’s Former Enforcement Division Chief
Stephanie Avakian is the previous U.S. Securities and Exchange Commission (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.

According to Bloomberg and reporters on the New York Post, representatives from the regulation agency Wilmerhale haven’t commented on experiences regarding Ellison’s ostensible illustration. If the experiences about SBF’s and Ellison’s alleged authorized representations are true, the 2 have managed to retain two prestigious attorneys to defend them.

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What do you consider the report that claims Caroline Ellison allegedly retained the celebrated lawyer Stephanie Avakian? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for News concerning the disruptive protocols rising right this moment.

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