The court today revealed that SBF directed Caroline Ellison To Commit Crimes, including defrauding customers, investors, and lenders. She also claims he set up a system allowing Alameda to access funds.
During the brief appearance on the stand, Ellison elegantly dressed in a gray coat and a dark pink dress. When asked to identify him in the courtroom, Ellison took a moment to scan the room before confidently pointing him out.
Source: WSJ
SBF Directed Caroline Ellison To Commit Crimes
In the courtroom testimony, former Alameda CEO Caroline Ellison made startling allegations against Sam Bankman-Fried, the founder of FTX exchange. Ellison claimed that together, they defrauded customers, investors, and lenders associated with the exchange.
He directed me to commit these crimes.
Ellison said
Alameda, the hedge fund affiliated with FTX, played a central role in Ellisons testimony. She revealed that Alameda had access to an unlimited line of credit on the exchange, from which they withdrew approximately $14 billion.