Ellison was removed from an unwitting front-person throughout her time at Alameda, stated Mark Cohen, Bankman-Fried’s lead legal professional, in his opening argument in protection of Bankman-Fried. As an alternative, she was firmly in charge of the reins on the buying and selling fund – and her poor management, in response to Bankman-Fried’s legal professionals, is what finally positioned the agency into dire monetary straits. At one level, “as the bulk proprietor of Alameda, Bankman-Fried spoke to Ms. Ellison, the CEO, and he urged her to placed on a hedge,” Cohen advised the jury. “She did not accomplish that on the time,” but when she had adopted Bankman-Fried’s recommendation, she “would have offset a few of this.”
