Caroline Ellison takes the stand to testify against the former FTX co-founder as the high-profile case enters a second week.
Former FTX executive Caroline Ellison, the government's star witness against Sam Bankman-Fried, took the stand Tuesday and accused him of orchestrating fraud at the cryptocurrency exchange. 'He directed me to commit these crimes,' Ellison — who last year agreed to a deal with prosecutors in which she pleaded guilty to charges including wire fraud, securities fraud and commodities fraud — told the court.
Bankman-Fried, 31, is accused of funneling billions of dollars from FTX to Alameda, allegedly using as much as $10 billion in customer deposits to cover luxury real estate purchases and large political donations. He has pleaded not guilty and faces a potential prison term of more than a century if convicted of federal fraud and money-laundering charges. 'He had wealth, he had power, he had influence, but all of that was built on lies,' Assistant U.S. Attorney Thane Rehn said.
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FTX's Sam Bankman-Fried's ex-Caroline Ellison to take standThe collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's former gal pal, in the firm's implosion.
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Sam Bankman-Fried trial: Caroline Ellison, ex-girlfriend of FTX founder, to testifyBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
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Caroline Ellison, star witness in prosecution of FTX head Sam Bankman-Fried, is in courtMarley Jay is a business news reporter for NBC News Digital.
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Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trialThe trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him. Ellison's highly anticipated turn on the witness stand in Manhattan federal court on Tuesday took place just before the trial broke for lunch, with Ellison blaming Bankman-Fried for crimes she admitted to last December in a cooperation deal. At one point, she was asked to identify Bankman-Fried in the courtroom. She stood up, scannin
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Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trialThe trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him.
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Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trialThe trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him.
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