Sam Bankman-Fried Trial: Alameda CEO Caroline Ellison States Disgraced Crypto Bro Directed Her to Commit Fraud, ‘Donated $10M to Biden Campaign to Gain Influence’
And so it happened that on the fifth day of Sam Bankman-Fried’s historic fraud trial, the prosecution rolled in their ‘star witness’, 28-year-old Caroline Ellison, former CEO of Alameda Research.
Ellison named the FTX founder as the ringleader of a $10bn fraud scheme at the cryptocurrency exchange and its associated hedge fund, and testified that she committed fraud at his direction.
The Guardian reported:
“’While you were working at Alameda, did you commit any crimes?’ a prosecutor asked Caroline Ellison. ‘Yes, we did’, she said. ‘[Bankman-Fried] directed me to commit these crimes’.”
She is the former girlfriend and business partner of SBF, and also serving as CEO of the hedge fund Alameda Research.
