Bankman-Fried's ex and Alameda CEO Caroline Ellison lawyers up

Sam Bankman-Fried's ex-girlfriend has hired a legal team which includes a former top SEC official and a lawyer who investigated the Bernie Madoff Ponzi scheme.

Caroline Ellison, 28, has recruited the two heavyweights of financial law while prosecutors close in on Bankman-Fried over the multibillion-dollar collapse of his crypto trading firm .

Ellison was CEO of Alameda Research, another company founded by Bankman-Fried which is accused of gambling with FTX client money on risky trades.

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