Caroline Ellison Quotes: Text of Tearful Ex-Alameda Research Chief’s Apology in FTX Sentencing Hearing
Key Takeaways
- Caroline Ellison expressed deep remorse for her role in the FTX fraud.
- She acknowledged the immense harm caused and her inability to grasp the scale of the damage fully.
- Ellison claimed Sam Bankman-Fried’s voice in her head dissuaded her from speaking out sooner.
Caroline Ellison, a key figure in the FTX collapse, expressed deep remorse during her sentencing hearing . In a tearful address, she acknowledged the immense damage caused by her actions and her struggle to grasp its full impact.
Ellison , who served as CEO of Alameda Research, a firm heavily implicated in the FTX fraud, revealed the constant weight of guilt and her desire to come clean.
“Can’t Comprehend the Harm Caused”
During her hearing before the sentence , Ellison had the chance to read a prepared text to Judge Lewis Kaplan. According to people attending the courtroom, the former Alameda Research chief read it quickly and with tears.
She told the judge, “I think on some level my brain can’t even truly comprehend the scale of the harm it caused. That doesn’t mean I don’t try. I am so so sorry.”
“I am deeply ashamed of what we had done,” she added, with her voice breaking.
“It’s something that had been on my mind every day, worrying about what would happen when the truth finally came out. I felt a sense of relief that I didn’t have to lie anymore.”
“I Heard Sam’s Voice in My Head”
Ellison, appearing visibly emotional, clasped her hands and looked down at the defense table as the judge was reading the sentence. “Not a day goes by when I don’t think about all the people I hurt,” said Ellison.
“Every time I thought about it, I heard Sam’s voice in my head,” Ellison told the judge, mentioning her ex-boyfriend Sam Bankman-Fried for the first time during the hearing.
SBF previously received a sentence for the FTX collapse . Last March, Bankman-Fried got a 25-year sentence following his conviction on several charges.
“Ignoring that voice in my head and speaking out would have been brave. I’m sorry I wasn’t brave,” Ellison added.
Previous Hearings
It’s not the first time Caroline Ellison’s words in the courtroom have been revealed. In December 2022, she testified against Bankman-Fried, saying she knew Alameda was given access to a borrowing facility on FTX.com from 2019 through 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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