Prosecution’s star witness delivered stunning testimony on ex-boyfriend in her first two days on the stand – now it’s defense’s turn
On the third day of Caroline Ellison’s stunning testimony at Sam Bankman-Fried’s trial on billion-dollar fraud charges, his lawyers cast her as the true leader of Alameda Research to make a case that the fallen FTX founder wasn’t responsible for the companies’ stunning collapse.
Ellison, 28, was CEO of the hedge fund Alameda Research and Bankman-Fried’s sometimes-girlfriend, is the prosecution’s star witness at his Manhattan federal court trial. Bankman-Fried, 31, faces seven counts on fraud and conspiracy charges relating to his management of the cryptocurrency exchange FTX. He has pleaded not guilty.
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