Documents & Records
Government Exhibit 49A
Ellison described the May 7, 2022 update as a document she wrote and sent to Bankman-Fried for comments and feedback. Its worries section addressed Alameda's leverage, balance sheet, and the risk of greater losses if the market declined.
MentionedFederal Criminal Trial
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The document captured Ellison's May 2022 written concerns about Alameda's leverage and Bankman-Fried's comment that conditions could worsen.