Ellison was once a ways from an unwitting front-person all the way through her time at Alameda, mentioned Mark Cohen, Bankman-Fried’s lead legal professional, in his opening argument in protection of Bankman-Fried. As an alternative, she was once firmly in keep watch over of the reins on the buying and selling fund – and her deficient management, in keeping with Bankman-Fried’s attorneys, is what in the long run positioned the company into dire monetary straits. At one level, “as the bulk proprietor of Alameda, Bankman-Fried spoke to Ms. Ellison, the CEO, and he instructed her to position on a hedge,” Cohen instructed the jury. “She did not achieve this on the time,” but when she had adopted Bankman-Fried’s recommendation, she “would have offset a few of this.”