Business & Finance
Manifund founder says he hired former Alameda executive Caroline Ellison
Austin Chen announced the grantmaking platform hired Ellison after she pleaded guilty to fraud, Business Insider reports.
The short version
- Manifund founder Austin Chen announced on Substack that former Alameda Research executive Caroline Ellison joined the charity platform.[Business Insider]
- Chen said Ellison will help develop the platform and research effective philanthropic funding.[Business Insider]
- Ellison previously pleaded guilty to seven counts of fraud and conspiracy in December 2022 related to the collapse of FTX.[Business Insider]
- Chen did not provide documentation verifying Ellison's employment, and Ellison used the pseudonym 'Carol' for prior work.[Business Insider]
Key facts
- Manifund CEO Austin Chen announced via Substack that Caroline Ellison was hired to develop the platform and research philanthropic funding.[Business Insider]
- Ellison pleaded guilty in December 2022 to seven counts of fraud and conspiracy tied to the misuse of FTX customer funds.[Business Insider]
- Chen stated that Ellison previously published work for Manifund using the pseudonym 'Carol.'[Business Insider]
What remains uncertain
- Chen did not provide documentation to independently verify Ellison's employment or role at Manifund.[Business Insider]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Charity founder says he secretly gave FTX fraud figure Caroline Ellison a jobBusiness Insider metered