Caroline Ellison Admits Fraud with the Direction of SBF!

Crypto Live News

Author: Mustafa Mulla

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 10, 2023 23:10

Caroline Ellison, testified today that she committed fraud at the direction of her ex-boyfriend and former colleague, FTX exchange founder Sam Bankman-Fried. Ellison is the government’s key witness in the six-week trial of Bankman-Fried, who prosecutors say stole billions of dollars from customers of its sister company, FTX. Ellison admitted to sending balance sheets that made Alameda’s balances look less risky to investors at the direction of Bankman-Fried, and testified that Alameda had taken funds from FTX to make its own investments. Bankman-Fried’s defense team will likely cross-examine Ellison with an eye toward discrediting her.

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