FTX founder Sam Bankman-Fried could face decades in prison if he is convicted of charges lodged against him.
Caroline Ellison, the tech executive who ran Sam Bankman-Fried's hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss thought he might be U.S. president someday.
It could also be pivotal when the jury decides Bankman-Fried's fate on the seven counts he faces.Bankman-Fried has been jailed since August when Judge Lewis A. Kaplan concluded he'd tried to influence Ellison and other potential trial witnesses and could no longer be trusted to await trial under a $250 million bond and confinement to his parent's Palo Alto, California, home.As Ellison testified, several of her friends or online fans were in attendance.
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