Caroline Ellison, the star witness in the fraud trial of Sam Bankman-Fried, testified this week that the 31-year-old former billionaire, her onetime boss and boyfriend, directed her to commit crimes including fraud.
Former crypto hedge fund Alameda Research CEO Caroline Ellison arrives for the trial of former FTX Chief Executive Sam Bankman-Fried, who is facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 10, 2023 in this still image from video. Reuters TV via REUTERS, testified this week that the 31-year-old former billionaire, her onetime boss and boyfriend, directed her to commit crimes including fraud.
Ellison said Bankman-Fried asked her to falsify Alameda's financial statements to keep lenders at bay amid a downturn in cryptocurrency markets in 2022. The crypto mogul initially drove a company-owned luxury car in the Bahamas but traded it in for a Toyota Corolla.Bankman-Fried grew preoccupied with a rivalry with the crypto exchange Binance, which he thought would "mess with FTX," leading him to borrow $1 billion in FTX customer funds to buy back Binance's stake in FTX in 2021, Ellison said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sam Bankman-Fried Girlfriend Caroline Ellison Testifies at TrialThe former girlfriend and co-conspirator of the FTX founder described a bribery scheme involving a Chinese government official and crypto accounts of Thai prostitutes.
Leer más »
Sam Bankman-Fried Trial: Caroline Ellison’s Testimony ContinuesIt's Ellison's third day of testimony
Leer más »
Sam Bankman-Fried trial: scenes from Caroline Ellison's time on the standWhen star witness Caroline Ellison first took the stand on Tuesday at Sam Bankman-Fried's fraud trial, she needed longer than previous witnesses to point out the 31-year-old former billionaire - her onetime boss and boyfriend - at the defense table.
Leer más »
Caroline Ellison to face cross-examination at Sam Bankman-Fried's trialSam Bankman-Fried's confidant Caroline Ellison will take the stand again at the FTX founder's trial on Thursday, where she could face questions about why she cooperated with prosecutors against her former boss and romantic partner.
Leer más »
Sam Bankman-Fried trial: scenes from Caroline Ellison's time on the standSam Bankman-Fried trial: scenes from Caroline Ellison's time on the stand
Leer más »
Sam Bankman-Fried's trial to resume with more testimony from Caroline EllisonSam Bankman-Fried's trial to resume with more testimony from Caroline Ellison
Leer más »