The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.
FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison.FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison.The U.S.
During three days of testimony that got tearful at times, Ellison — like Wang — said it was Bankman-Fried who called the shots.Ellison said he asked her to draw on FTX customer funds to pay down Alameda Research's debts, and he told her to manipulate financial documents in"dishonest" ways to mislead investors and the firm's lenders.
On numerous occasions, they have noted how fast FTX, which Bankman-Fried started in 2019, grew into a multibillion-dollar company that courted celebrity investors and promoters like star quarterback Tom Brady. They have said their client was constantly being pulled in different directions, and they got Ellison to admit that, for several months, she and her staff had no contact with Bankman-Fried whatsoever.Notably, Bankman-Fried's lawyers keep getting admonished by Judge Lewis Kaplan, who is overseeing the trial.
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