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, shedding light on even more eyebrow-raising details regarding the former billionaire's blockbuster fall from grace — and, interestingly, delusions of grandeur.
When asked what Bankman-Fried told her about his ambitions, Ellison said "that he would be president."Bankman-Fried donated millions of dollars to political causes before FTX's downfall, including a $5 million contribution to US president Joe Biden's 2020 presidential election campaign, according to a new book about Bankman-Fried and the collapse of FTX by author Michael Lewis.
The disgraced CEO also met with several high-ranking US politicians and even explored "the legality of paying Donald Trump himself not to run for president," Bankman-Fried also was — and could possibly still be — an "effective altruist," a philanthropic movement ostensibly dedicated to solving the world's problems by identifying and funding the most effective solutions.During her testimony today, Ellison also accused Bankman-Fried of ordering her to take deposits from FTX customers to finance Alameda investments, totaling a stunning $14 billion.
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