Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
© Reuters. FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTE
Ellison's highly anticipated testimony is likely to delve in to both Alameda's business practices and her personal relationship with the 31-year-old former billionaire, whose lawyers are expected to try to undermine her credibility during cross-examination. Federal prosecutors in Manhattan say Bankman-Fried siphoned off FTX customer funds to his crypto-focused hedge fund, Alameda, and also used them to buy real estate and donate more than $100 million to U.S. political candidates to boost his influence in Washington, D.C.
Bankman-Fried has pleaded not guilty. In opening statements last Wednesday, his lawyers acknowledged that he"overlooked" key business operations like risk management as FTX grew rapidly, but never intended to steal money. They also told jurors to question whether cooperating witnesses like Wang and Ellison were putting a new, nefarious spin on old decisions by Bankman-Fried which they had originally agreed with.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witnessSam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison.
Read more »
Sam Bankman-Fried's fraud trial: How Judge Lewis Kaplan has presided in FTX caseSam Bankman-Fried's fraud trial has featured dense testimony about computer code, cryptocurrency and corporate finance, but U.S. District Judge Lewis Kaplan's dry sense of humor has provided the occasional moment of levity.
Read more »
Sam Bankman-Fried FTX fraud trial continues: What to expect in the second weekThe second week of the Sam Bankman-Fried trial continues with the most anticipated witness of the week being Caroline Ellison - his former love interest and CEO of Alameda Research- who is expected to reveal inside details of the use of customer funds.
Read more »
Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trialSam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
Read more »
The DOJ Has Come Out Swinging in the Sam Bankman-Fried TrialHelene is a New York-based news reporter at CoinDesk, currently covering the criminal trial of infamous crypto mogul Sam Bankman-Fried. Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »
Editorial: In the world of cryptocurrencies, Sam Bankman-Fried’s trial is a total nightmareSBF used to swan around the Futures Industry Association conference. Now he's on trial, Crypto has gone underground.
Read more »