{"id":1744242,"date":"2022-11-18T15:02:50","date_gmt":"2022-11-18T20:02:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1744242"},"modified":"2022-11-18T15:02:52","modified_gmt":"2022-11-18T20:02:52","slug":"queen-caroline-forbes-publishes-flattering-profile-of-math-whiz-sam-bankman-fried-love-interest-behind-ftx-collapse","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/queen-caroline-forbes-publishes-flattering-profile-of-math-whiz-sam-bankman-fried-love-interest-behind-ftx-collapse\/","title":{"rendered":"\u2018Queen Caroline\u2019: Forbes Publishes Flattering Profile Of \u2018Math Whiz,\u2019 Sam Bankman-Fried Love Interest Behind FTX Collapse"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fqueen-caroline-forbes-publishes-flattering-profile-of-math-whiz-sam-bankman-fried-love-interest-behind-ftx-collapse%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1744242&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.dailywire.com\/topic\/forbes\" target=\"_blank\" rel=\"noopener\">Forbes<\/a> ran a puff piece Friday about Caroline Ellison, the one-time love interest of disgraced former FTX CEO Sam Bankman-Fried and the head of Alameda Capital, which allegedly made bets with money deposited by consumers at the <a href=\"http:\/\/dailywire.com\/topic\/cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> exchange.<\/p>\n<p>FTX filed for <a href=\"https:\/\/www.dailywire.com\/news\/30-year-old-billionaire-loses-entire-fortune-overnight-as-his-bahamas-based-cryptocurrency-empire-implodes\" target=\"_blank\" rel=\"noopener\">bankruptcy<\/a> last week after users\u2019 worries about the arrangement between the two companies triggered a liquidity crisis. Ellison, who was <a href=\"https:\/\/www.forbes.com\/30-under-30\/2022\/finance?profile=alameda-research\" target=\"_blank\" rel=\"noopener\">honored<\/a> on this year\u2019s Forbes 30 Under 30 list, was featured in a Friday <a href=\"https:\/\/www.forbes.com\/sites\/davidjeans\/2022\/11\/18\/queen-caroline-the-risk-loving-29-year-old-embroiled-in-the-ftx-collapse\/?sh=15161c95791f&#038;utm_campaign=socialflowForbesMainTwitter&#038;utm_medium=social&#038;utm_source=ForbesMainTwitter\" target=\"_blank\" rel=\"noopener\">article<\/a> published by the outlet as a \u201cmath whiz\u201d with an edgy online persona rather than a possible financial fraudster responsible for losing <a href=\"https:\/\/www.dailywire.com\/news\/former-crypto-billionaire-sam-bankman-fried-whose-entire-fortune-just-went-to-zero-is-calling-around-for-new-investors\" target=\"_blank\" rel=\"noopener\">billions<\/a> in clients\u2019 investments.<\/p>\n<p>\u201cWhile other kids were playing with Lego, Ellison was learning about Bayesian statistics before middle school,\u201d the profile said. \u201cA natural mathematician, high school was a laboratory for Ellison\u2019s love of numbers and she competed multiple times in the Math Prize for Girls, the national contest that draws the country\u2019s brightest young minds. But her interests went far beyond math, and as a senior, she received an honorable mention in a linguistics olympiad.\u201d<\/p>\n<p>Speculation about Ellison\u2019s true quantitative abilities circulated last week as social media users shared a <a href=\"https:\/\/twitter.com\/QntRetirement\/status\/1591467833074098181\" target=\"_blank\" rel=\"noopener\">video<\/a>\u00a0where she had claimed to use nothing more than \u201celementary school math\u201d while running Alameda Research.<\/p>\n<p>Ellison, alongside Bankman-Fried and their colleagues, expressed an affinity for \u201ceffective altruism,\u201d which encourages adherents to grow wealthy and donate heavily to charitable causes, during her time at Stanford University. Although Bankman-Fried has since admitted that he embraced the philosophy as \u201cmostly a front,\u201d as revealed in a <a href=\"https:\/\/www.vox.com\/future-perfect\/23462333\/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy\" target=\"_blank\" rel=\"noopener\">report<\/a> from Vox, the authors at Forbes wondered aloud whether Ellison \u201cactually believed in the tenets of effective altruism, or if it served as an effective way to shield their alleged wrongdoing.\u201d<\/p>\n<p>Bankman-Fried also emerged as the second-largest donor to the 2020 campaign of President Joe Biden and among the <a href=\"https:\/\/www.dailywire.com\/news\/here-are-the-democrats-and-republicans-who-received-campaign-cash-linked-to-bankrupt-crypto-empire-ftx\" target=\"_blank\" rel=\"noopener\">largest contributors<\/a> to Democratic candidates in the 2022 midterm elections. Yet the Forbes article claimed that Ellison has found support among members of alt-right online communities since the implosion of the cryptocurrency empire, citing her alleged views on race and marriage.<\/p>\n<p>Fallout from the bankruptcy of FTX has provoked calls in the United States for greater regulations on the cryptocurrency sector and will be the subject of a <a href=\"https:\/\/www.dailywire.com\/news\/bipartisan-committee-to-hear-from-sam-bankman-fried-and-crypto-allies-next-month\" target=\"_blank\" rel=\"noopener\">bipartisan hearing<\/a> hosted by the House Financial Services Committee next month. Securities and Exchange Commission Chairman Gary Gensler, whose agency is investigating the situation, works as a professor at the Massachusetts Institute of Technology under Glenn Ellison, the father of Caroline Ellison and the economics department head at the prestigious university.<\/p>\n<p>Bankman-Fried and nine other executives reportedly lived together in the Bahamas in a luxury penthouse, which might have been <a href=\"https:\/\/www.dailywire.com\/news\/ftx-executives-reportedly-bought-themselves-real-estate-in-the-bahamas-with-corporate-funds\" target=\"_blank\" rel=\"noopener\">purchased using company dollars<\/a>. All of the individuals \u201care, or used to be, paired up in romantic relationships with each other,\u201d a <a href=\"https:\/\/www.coindesk.com\/business\/2022\/11\/10\/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions\/\" target=\"_blank\" rel=\"noopener\">report<\/a> from CoinDesk claimed on the basis of unnamed sources. Forbes discussed Ellison\u2019s online musings expressing her desire to live in a romantic arrangement resembling an \u201cimperial Chinese harem\u201d where \u201ceveryone should have a ranking of their partners, people should know where they fall on the ranking, and there should be vicious power struggles for the higher ranks.\u201d<\/p>\n<p>Forbes, however, was not the only mainstream media outlet to <a href=\"https:\/\/www.dailywire.com\/news\/shameless-media-just-cant-quit-love-affair-with-crypto-creep-sbf\" target=\"_blank\" rel=\"noopener\">run a puff piece<\/a> that downplayed possible fraud at the companies. An <a href=\"https:\/\/www.nytimes.com\/2022\/11\/14\/technology\/ftx-sam-bankman-fried-crypto-bankruptcy.html\" target=\"_blank\" rel=\"noopener\">article<\/a> from The New York Times minimized the allegations of wrongdoing and postulated that Bankman-Fried\u2019s \u201cambitions exceeded his grasp.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes ran a puff piece Friday about Caroline Ellison, the one-time love interest of disgraced former FTX CEO Sam Bankman-Fried and the head of Alameda Capital, which allegedly made bets with money deposited by consumers at the cryptocurrency exchange. FTX filed for bankruptcy last week after users\u2019 worries about the arrangement between the two companies &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1742441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1744242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1744242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1744242"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1744242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1742441"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1744242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1744242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1744242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}