Former colleague Caroline Ellison also told a court that the FTX founder directed her to commit fraud before his cryptocurrency empire collapsed last November.
| Caroline Ellison, the tech executive who ran Sam Bankman-Fried’s hedge fund while sometimes dating him, testified on Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that herWith Bankman-Fried looking on from his seat in the courtroom, Ellison, 28, testified at the New York City trial that she committed fraud, conspiracy to commit fraud and money laundering along with Bankman-Fried and others.
Assistant US Attorney Danielle Sassoon asked her what he thought he would be president of. “Of the United States,” Ellison answered. Bankruptcy proceedings followed as prosecutors alleged that stolen funds were used to fund his businesses, make donations and contribute to political campaigns in the hopes of influencing cryptocurrency regulation in Washington.Ellison testified under a co-operation deal that could win her leniency when she is sentenced. It could also be pivotal when the jury decides whether Bankman-Fried is guilty of fraud charges among seven counts in an indictment against him.
Eventually, Bankman-Fried installed Ellison as chief executive at Alameda, where she was paid $US200,000 in salary with her biggest bonus of $US20 million occurring in 2021.
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