Caroline Ellison admits that she and Bankman-Fried conspired to misinform 

TOPLINE Caroline Ellison, a longtime confidant of fallen crypto entrepreneur Sam Bankman-Fried

 claims that she and the former billionaire FTX founder agreed to mislead buyers, lenders and customers of the coin

a damning indictment as Bankman-Fried faces a series of fraud charges related to allegations

Ellison, chief executive of Bankman-Fried's trading firm Alameda Research, this week ordered an advance ruling

 and Bankman-Fried conspired to steal billions of dollars lent to FTX clients, as she argued in court.

 she recounts, according to a courtroom transcript released by Wall Street and Bloomberg magazine.

“I knew it was wrong,” Ellison, 28, said in New York federal court, adding that he knew Alameda had been given access to a credit center at FTX

 allowing the company to obtain rights of access. to "an extensive line of credit with no collateral required

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