Sam Bankman-Fried's ex-girlfriend and CEO spotted in NYC before his arrest

A week before his surprise arrest in the Bahamas at the behest of New York prosecutors, Sam Bankman-Fried's ex-girlfriend and former CEO was spotted in the Big Apple stepping out for a coffee. 

Caroline Ellison, 28, was seen at a coffee shop in downtown New York City on December 4, just a little over a week before her FTX founder ex was taken into custody in Nassau, and only four days before he was secretly indicted by a grand jury in New York. 

Now, it remains unclear if she too may face charges for what prosecutors are calling 'one of the biggest financial frauds in American history'. 

Ellison was the CEO of Alameda, the crypto investment firm owned by Bankman-Fried that prosecutors say was used to funnel billions of dollars through from FTX, as a 'personal piggy bank' for the now disgraced founder.  

Caroline Ellison, 28, was seen at a coffee shop in downtown New York City on December 4, four days before SBF was secretly indicted by a grand jury in NYC, and a little over a week before his arrest 

Ellison, 28, has not yet commented on her ex-boyfriend's arrest. She served as CEO of Alameda, the crypto investment firm he ran and allegedly used to steal $1.8billion from clients on FTX

Sam Bankman-Fried is shown being led away from court in the Bahamas on Tuesday night after being denied bail 

She is named in the charging documents multiple times, along with other members of SBF's millennial gang, but has not yet been arrested. 

In a warning yesterday however, Damian Williams, United States Attorney for the Southern District of New York, said more charges would be filed in the coming days and weeks. 

'We are not done,' he said in unequivocal terms, warning that yesterday's announcement of charges against Bankman-Fried were just the 'first' step. 

He will remain in custody in the Bahamas until his next court appearance on February 8. 

Yesterday, he begged for mercy from a Bahamian magistrate, claiming he couldn't be put in jail because of he suffers from depression and follows a strict vegan diet. 

U.S. attorney Damian Williams warned that more charges would be pending against others. 'We are not done,' he said 

The SEC indictment alleges a fraud of $1.8billion 

The entrance to the Fox Hill Prison, now known as the Bahamas Department of Corrections 

Ellison has hired Stephanie Avakian former director of the US Securities and Exchange Commission's Division of Enforcement and Anjan Sahni, who led investigations into accomplices of Bernie Madoff 

His mother and father, both Stanford law professors, were in court to comfort him after the decision. 

SBF maintains that the American branch of his crypto-trading platform, FTX US, is solvent and that he would be able to pay 'everyone back' who lost money on the international arm, FTX International, if the government unfroze his assets. 

The company however filed a Chapter 11 earlier this year which would suggest there is no money. 

He claims he was forced into it. 

Ellison was the CEO of Alameda and was also FTX's girlfriend, living with him and some of their friends in the Bahamas. 

None of the others involved have yet been charged, including Nishad Singh and Gary Wing, who are both said to have made billions through crypto. 

They are all now lying low in the wake of the bombshell charges by both federal prosecutors in New York and the SEC.  

FTX Director of Engineering Nishad Singh also lives in the penthouse with Sam Bankman-Fried