Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief

After much attraction has been formed connected the erstwhile Alameda Research CEO Caroline Ellison, a study details that Ellison has hired Wilmerhale spouse Stephanie Avakian, an lawyer that worked for the U.S. Securities and Exchange Commission (SEC). The quality follows leaked documentation of Ellison’s alleged borderline position, and the ex-Alameda enforcement reportedly being spotted astatine a cafe successful Soho.

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

Just recently, the FTX co-founder and erstwhile CEO, Sam Bankman-Fried (SBF), said that helium was “willing to testify” connected Dec. 13, 2022, earlier the U.S. House Committee connected Financial Services. In the meantime, the media and crypto assemblage members person been focused connected the whereabouts of erstwhile Alameda Research CEO Caroline Ellison.

The ex-Alameda enforcement has been soundless since FTX collapsed and it was erstwhile assumed she was successful Hong Kong. Speculators besides reported connected Nov. 26 that Ellison allegedly near Hong Kong and fled to Dubai, but those reports were unverified. In much caller times, an FTX insider shared an alleged document reportedly tied to Ellison that showed a antagonistic FTX borderline equilibrium of astir $1.3 cardinal successful May 2022.

Additionally, a Twitter relationship called Autism Capital tweeted that Ellison whitethorn person been spotted astatine a cafe successful Manhattan with the FTX team’s bureau canine Gopher. This weekend, Bloomberg reported that sources say, Stephanie Avakian, a spouse astatine white-shoe instrumentality steadfast Wilmerhale, is representing the erstwhile Alameda CEO.

“Stephanie Avakian, [a] erstwhile enforcement part main astatine the Securities and Exchange Commission, is representing Ellison on with different lawyers astatine her firm, [Wilmerhale], according to radical acquainted with the matter,” Bloomberg’s Ava Benny-Morrison wrote connected Dec. 10, 2022.

The quality follows reports that detailed SBF purportedly retained lawyer Mark Cohen, the lawyer who represented Ghislaine Maxwell during her caller enactment trafficking case. SBF’s caller lawyer was disclosed by SBF’s spokesperson, Mark Botnick. As acold arsenic Ellison’s alleged attorney, Avakian, the lawyer became a spouse of the instrumentality steadfast Wilmerhale successful 2020. The lawyer has been progressive with high-profile instrumentality cases associated with Tesla’s Elon Musk, Ripple Labs, and General Electric.

Stephanie Avakian is the erstwhile U.S. Securities and Exchange Commission (SEC) enforcement director. Avakian near the SEC relation successful 2020 to articulation Wilmerhale, but during her clip with the SEC, she worked with the enforcement crackdowns against archetypal coin offerings (ICOs) that started successful 2017.

According to Bloomberg and reporters astatine the New York Post, representatives from the instrumentality steadfast Wilmerhale person not commented connected reports concerning Ellison’s ostensible representation. If the reports astir SBF’s and Ellison’s alleged ineligible representations are true, the 2 person managed to clasp 2 prestigious lawyers to support them.

What bash you deliberation astir the study that says Caroline Ellison allegedly retained the prestigious lawyer Stephanie Avakian? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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