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Caroline Ellison, the former CEO of hedge fund Alameda Research and ex-lover of the defendant Sam Bankman-Fried (SBF) was on direct examination for th
During the Sam Bankman-Fried trial on Wednesday, former Alameda Research CEO Caroline Ellison testified that the crypto trading firm paid Chinese officials to get their Alameda trading accounts on OKX and Huobi in China unlocked. Judge Lewis Kaplan noted that the defendant is not charged in this case with bribery of Chinese officials, and the evidence was being offered for “limited purposes to display trust and confidence” as well as “motive” between Bankman-Fried and Ellison. Bankman-Fried was CEO in 2020 when the accounts, valued around $1 billion, were frozen, ...
Caroline Ellison testified this week that Sam Bankman-Fried gave the order to bribe Chinese officials to the tune of $150 million.
Uncanny Everything As FTX insider Caroline Ellison's star testimony drags on, the sheer uncanniness of the bankrupted crypto exchange's behind-closed-doors practices, as well as the strangeness and severity of the alleged crimes that took place under the command of former FTX CEO Sam Bankman-Fried — with whom Ellison was also romantically involved — continues to […]
The prosecution used star witness Caroline Ellison to drive home just how much power Sam Bankman-Fried allegedly had in orchestrating financial decisions at FTX and Alameda.