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Manifund Hires Caroline Ellison After Fraud Guilty Plea

By Drooid · Sep 12, 2026, 2:56 PM UTC · How we work

Summary

Story summary

Manifund hired former Alameda Research CEO Caroline Ellison, offering her a second chance.
Ellison pleaded guilty to seven fraud-conspiracy counts in December 2022.
She began a work trial on July 13, became full-time on August 10, and used the pseudonym “Carol.”
Founder Austin Chen called the pseudonym a minor deception and said transparency was compromised.
One victim demanded that every dollar Ellison earns for 70 years be garnished for FTX victims.

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Story summary

Manifund hired former Alameda Research CEO Caroline Ellison, offering her a second chance.
Ellison pleaded guilty to seven fraud-conspiracy counts in December 2022.
She began a work trial on July 13, became full-time on August 10, and used the pseudonym “Carol.”
Founder Austin Chen called the pseudonym a minor deception and said transparency was compromised.
One victim demanded that every dollar Ellison earns for 70 years be garnished for FTX victims.