“As alleged, Mr. Bankman-Fried, Ms. Ellison, and Mr. Wang had been lively members in a scheme to hide materials data from FTX buyers, together with by way of the efforts of Mr. Bankman-Fried and Ms. Ellison to artificially prop up the worth of FTX, which served as collateral for undisclosed loans that Alameda took out from FTX pursuant to its undisclosed, and nearly limitless, line of credit score,” in accordance with Sanjay Wadhwa, deputy director of the SEC’s Division of Enforcement.
