When star witness Caroline Ellison first took the stand on Tuesday at Sam Bankman-Fried's fraud trial, she needed longer than previous witnesses to point out the 31-year-old former billionaire - her onetime boss and boyfriend - at the defense table.
Former crypto hedge fund Alameda Research CEO Caroline Ellison arrives to testify at the trial of former FTX Chief Executive Sam Bankman-Fried, who is facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 10, 2023 in this still image from video. Reuters TV...
On Wednesday, Ellison - who ran Alameda - grew emotional in describing why she wrote Bankman-Fried a message on social media in November 2022 as FTX and Alameda were collapsing, saying she was relieved because she did not need to lie anymore. She was handed a box of tissues by U.S. District Judge Lewis Kaplan's deputy.
Bankman-Fried spent much of Ellison's testimony typing on a laptop or whispering to his defense lawyers. During sidebar discussions with Kaplan where lawyers debated legal issues outside the jury's earshot, Bankman-Fried watched a live transcription feed of their conversation on screens at the defense table.
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