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

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-12 • Permanent link

Rumors are swirling in the financial community about a shocking revelation in the world of charity and finance. Manifund CEO Austin Chen has revealed that he secretly gave a job to Caroline Ellison, the former CEO of FTX, the now-defunct cryptocurrency exchange at the center of a major scandal. According to Chen, Ellison was hired as a consultant at Manifund, despite her role in the collapse of FTX, which resulted in billions of dollars in losses for investors. The move has sparked outrage among investors and regulators, who are questioning Chen's judgment and the ethics of hiring someone with such a checkered past.

Critics are now scrutinizing the implications of Chen's decision, which could have far-reaching consequences for investors and the broader economy. If Chen's actions are deemed reckless, it could lead to a loss of confidence in the charity sector, causing donors to pull their funds and further destabilizing the already fragile financial landscape. Furthermore, the hiring of Ellison could be seen as a potential conflict of interest, raising questions about the potential for her to influence Manifund's decision-making process.

The decision to hire Ellison is not an isolated incident, but rather part of a larger trend of lax regulation and oversight in the charity sector. According to experts, the lack of transparency and accountability in the sector has created an environment in which individuals with questionable backgrounds can operate with relative impunity. This trend is particularly concerning given the significant amounts of money involved in charitable giving, which can have a disproportionate impact on vulnerable populations.

As the fallout from Chen's decision continues to unfold, investors and regulators are watching closely for any signs of further irregularities. In the coming weeks, Manifund will need to provide detailed explanations for its hiring practices and the qualifications of Ellison, who has a history of controversy. The outcome will have significant implications for the charity sector, and could potentially set a new standard for transparency and accountability in the industry.