As Sam Bankman-Fried enters day six of his whirlwind media tour in which he makes one or more daily appearances - against the advice of his lawyers - in hopes of convincing someone that he was too dumb to be a criminal mastermind with billions in crypto in cold storage and in bank accounts in Dubai and Singapore (luckily all his wire transfers can be traced), also known as the Simple Jack defense...
... the weakest link in SBF's defense was just spotted in a New York coffee shop, amid speculation she is preparing to blow up SBF's entire defense strategy.
According to Autism Capital, the former CEO of Alameda Capital (which as a reminder was ground zero of the FTX implosion after it blew up $8 billion in FTX client funds on trades gone horribly wrong), Caroline Ellison, was spotted at 8:15am this morning at the Ground Support Coffee on West Broad in SoHo Manhattan. This, as AC notes, "would mean she is not in Hong Kong and is in NY not in custody."
A statement from a barista at the coffee shop confirmed that it was in fact Caroline.
Why does this matter? Because while the prominent Democrat donor (who reportedly is "responsible for Biden being in office") continues his deluded daily media appearances while casually throwing his former alleged lover, co-worker and penthouse-mate, Caroline - and pretty much all other co-workers - under the bus by claiming he has no idea how $8 billion in FTX client funds just vaporized in SBF's personal hedge fund, Alameda (implying that only Alameda's CEO, Ellison, was responsible for the theft and fraud) Caroline is two-steps ahead of SBF and is already cooperating with members of the DOJ, and specifically the SDNY, which we previously reported is probing the collapse of FTX.
Subsequent reports have only reinforced this rumor, and the latest is that Ellison is being represented by DC law firm, WilmerHale...
... best known for its Government Affairs Department Chair, Jamie Gorelick, who was the former No. 2 ranking member in the Clinton Justice Department, and in a recent interview, she referred to Garland as her "wingman."
If indeed Ellison is working the Feds while currying favor with SBF's former closest friends, the days of Bankman-Fried - who may or may not soon commit Epsteincide - outside of a prison cell are numbered.
As for SBF, who is still wasting his time "uhhhm"-ing and "well"-ing across various interviews hoping to demonstrate to the world - and his future jurors - just how bloody stupid he really was...
... and blaming it all on messy accounting, poor risk management, and of course, Caroline Ellison - not his premeditated fraud of course - even the CEO of Coinbase is no longer buying his relentless bullshit, saying earlier that no matter how "messy you accounting is (or how rich you are) - you're definitely going to notice if you find an extra $8B to spend" adding that "even the most gullible person should not believe Sam's claim that this was an accounting error" (here he is referring to Bill Ackman, of course), and correctly concluded that "it's stolen customer money used in his hedge fund, plain and simple."
All that's missing is the definitive proof, and if the above rumors are correct, Caroline Ellison is in the process of, or already has provided it to the Feds.