Ellison Was CEO But SBF Was Still Boss at Alameda, Her Testimony Suggests
Unforgettable moments from Caroline Ellison’s first day testifying.
Unforgettable moments from Caroline Ellison’s first day testifying.
Ellison, the former Alameda CEO, testified Tuesday that she was consulted on FTX’s investment portfolio.
“I sent balance sheets at the direction of Sam [Bankman-Fried] that made Alameda’s balances look less risky to investors,” she said.
The former Alameda CEO will “tell you about how she and the defendant stole money customers entrusted to FTX,” a prosecutor said. Defense’s cross-examination may get personal.
Sam Bankman-Fried’s trial is set to start this Tuesday, and some of his former closest friends, have become his biggest threat.