, 2023-01-02 08:00:00,
Now, however, Ellison has split from Bankman-Fried in a big way: She’s cooperating with federal prosecutors who have accused him of orchestrating one of the biggest financial frauds in U.S. history.
Last month, Ellison, 28, pleaded guilty to charges alleging that she, Bankman-Fried and other FTX executives conspired to steal their customers’ money to invest in other companies, make political donations and buy expensive real estate — charges that carry a maximum sentence of 110 years in prison. At a Dec. 19 hearing, Ellison apologized to FTX customers and investors, saying she knew what she did was wrong.
Bankman-Fried, 30, is next due in court on Jan. 3, when he is likely to plead not guilty, according to a person familiar with the matter who spoke on the condition of anonymity to discuss private information. In numerous interviews before his Dec. 12 arrest, he insisted that he was guilty only of poor management…
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