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Caroline Ellison, Sam Bankman-Fried's ex-girlfriend and former CEO of Alameda Research, details how the trading firm took around $14 billion from FTX customers to repay lenders.
Caroline Ellison testified Tuesday during Sam Bankman-Fried's criminal trial that he believed money could grant him power among politicians.
Ellison revealed in the months before FTX's bankruptcy, Bankman-Fried traveled to the Middle East to meet with Mohammed, the Saudi crown prince, to raise money to cover Alameda's loans and investments.
Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday after testifying that her former boss and boyfriend, Sam Bankman-Fried, had directed many of FTX’s now-public missteps.
(Bloomberg) -- Alameda Research co-Chief Executive Officer Caroline Ellison took the stand for a second day on Wednesday in the trial of Sam Bankman-Fried, co-founder of crypto exchange FTX. Ellison, who also had an on-and-off romantic relationship with Bankman-Fried, is the most important of the government’s three star witnesses.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsWall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapIsrael Latest: Is