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

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

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

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

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

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

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

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“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

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

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