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Caroline Ellison Testifies Against Sam Bankman-Fried at FTX Trial
Posted
October 11, 2023
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October 11, 2023
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0:50Now PlayingCaroline Ellison, the former chief executive officer of Alameda Research, told a New York court that Sam Bankman-Fried told her to commit crimes that led up to the collapse of the cryptocurrency exchange FTX.
Ellison identified herself on the stand Tuesday, and said that she first met Bankman-Fried when they both worked at Jane Street Group, and that the two of them later dated. When prosecutors asked her to point him out in the courtroom, she got up and said “he’s over there wearing a suit.”
“He was originally the CEO of Alameda and the owner of Alameda and he directed me to commit these crimes,” Ellison said in her first public appearance since the companies collapsed. She added that “Alameda took several billion dollars from FTX customers and used it for its own investments” and to pay off lenders.
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