Charity founder says he secretly gave FTX fraud figure Caroline Ellison a job

Caroline Ellison, previously CEO of Alameda Research, has taken a position at Manifund, a nonprofit organization. Austin Chen, the founder of Manifund, disclosed Ellison's new role in a Substack post. Ellison pleaded guilty to seven counts of fraud and conspiracy related to her role in misusing FTX customer funds. She testified against Sam Bankman-Fried, the founder of FTX, and served two years in prison.

Manifund, which Chen co-founded, previously received backing from the FTX Future Fund. Ellison began a work trial on July 13 and transitioned to full-time employment on August 10. During this period, she worked under the pseudonym "Carol." Manifund acknowledged using a pseudonym but acknowledged the compromise in transparency. Ellison's new position involves researching how to direct philanthropic dollars.