FTX Fraud Star Caroline Ellison Gets Job Teaching Charity How Not To Scam
KEY POINTS
- â˘Caroline Ellison, who pleaded guilty to seven fraud counts related to FTX, started working secretly at Manifund in mid-July 2026 before going full-time in August.
- â˘Austin Chen, Manifundâs CEO, announced this as a redemption story while some former FTX investors demanded her earnings be garnished for victims.
- â˘Manifundâs philanthropic research platform now benefits from Ellisonâs expertise, though her pseudonymous contributions under 'Carol' briefly obscured her identity.
In a plot twist worthy of a prank show, Caroline Ellison, 31, former Alameda Research boss and convicted FTX fraudster jailed until January 2026, now moonlights at ManifundâAustin Chenâs grantmaking nonprofit tied to effective altruismâunder the codename 'Carol.' She started a 'work trial' on July 13, became full-time August 10, and researches how to wisely toss philanthropic dollarsâideally not into shady trading losses this time. Chen defends the hire as redemption, despite backlash from enraged FTX victims demanding her future paychecks be garnished forever. Meanwhile, transparency took a sabbatical as Ellisonâs covert pseudonymous publishing raised eyebrows. Effective altruism just upgraded to 'effective forgiveness?'
Share the Story
(1 of 3)Hiring someone who stole billions to now guide charity is like putting the wolf in charge of the henhouseâs 401(k). No ROI is safe.
Ellisonâs new job: teaching nonprofits where *not* to park their money, because if anyone knows, itâs the CEO of Alamedaâs 'oops' fund.
Manifundâs logic: âWe screwed up trusting FTX. Letâs fix that by trusting the actual FTX scammer. What could possibly go wrong?â
Source: Businessinsider | Published: 9/12/2026 | Author: Lloyd Lee
More Articles in Business
Traveler Hikes Cinque Terre, Decides Venice Is Just Overpriced Maze With Gondola Traffic
Lawyerâs AI Hears 'Make Up Stuff' and Runs with It, Gets $5K Fine
Diesel Hits $6, Californians Prepare to Remortgage Their Teslas
Automattic CEO Put on Leave Then Put Back in Charge Within 48 Hours
Mastering Interviews by Saying 'We' and Dodging Awkward Questions Gracefully
Oracle Confident AI Data Centers Won't Turn Debt Into Black Hole
Elon Musk Sells $3 Billion In Tunnels Investors Must Also Dig Themselves
