Nitasha TikuDec 22, 2022

Caroline Ellison, CEO of Alameda Research just pleaded guilty 7 counts for defrauding FTX customers. I was just looking up who her lawyer was and realized I missed this. She hired Stephanie Avakian who was at the SEC from 2016 to 2022 led a team that worked on the cases against:

-Elizabeth Holmes/Theranos
-Elon Musk for tweeting misleading statements about taking Tesla private
-Facebook for misleading investors about misusing user data
-cases against Ripple + Robinhood

https://www.businessinsider.com/caroline-ellison-hires-former-top-sec-crypto-regulator-lawyer-ftx-2022-12

Caroline Ellison hires former top SEC crypto regulator as lawyer in FTX investigation

Stephanie Avakian, the SEC's former enforcement director, led major regulatory cases against companies like Robinhood, Tesla, and Theranos.

Insider
Show threadMartha HowellDec 22, 2022
@nitashatiku Everyone powerful seems to be in bed with everyone powerful. Then they wonder why we feel like the system is rigged.
Show threadCypherDec 22, 2022
@MHowell @nitashatiku I don't understand how this is linked. The issue is that you can make more money private than doing public work so most people end up leaving the public sector.
Show threadkeplerniko
@cspcypher @MHowell @nitashatiku I think the point is that this lawyer is probably at the top of the list of who you want to hire if you were in Ellison’s situation. If anyone can defend her case it will be someone who has sat on the other side of cases as high-profile as this one surely will be.
Dec 22, 2022 at 5:48pmWeb
Show threadCypherDec 22, 2022
@keplerniko @MHowell @nitashatiku yea, but how is that "everyone is in bed with everyone" lol