The trial over the Sam Bankman-Fried and the collapse of crypto trading firm FTX that erased $1 billion in customer funds resumes Tuesday with a host of new witnesses expected to take the stand, including his former girlfriend Caroline Ellison. FOX Business is providing real-time updates from the courtroom.
Ex-gal pal Caroline Ellison took the stand in the Sam Bankman-Fried trial and was asked to identify him in the courtoom, which she did. In her early testimony, she says the two coordinated crimes against investors.
HIGHLIGHTS Met SBF as intern at Jane Street and later worked together, later dated Committed crimes with SBF against customers at FTX, investors in FTX & Alameda SBF was initially CEO of Alameda and directed her to commit crimes Said Alameda took several billion dollars from FTX and asked for Alameda investments to repay loans Said that Alameda used about $10B to repay loans Alameda ultimately took $14B from FTX customers Made balance sheets for Alameda look better than they actually were...
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