Marley Jay is a business news reporter for NBC News Digital.
Caroline Ellison, the star witness in the prosecution of former FTX co-founder Sam Bankman-Fried, is in court in New York and is expected to take the stand Tuesday. Ellison was the co-CEO of Alameda Research, the crypto trading firm that was affiliated with the FTX exchange. She's also Bankman-Fried's ex-girlfriend. She is testifying shortly after FTX co-founder Gary Wang, also a witness for the prosecution.
The Securities and Exchange Commission said in December that, at Bankman-Fried's direction, Ellison manipulated the price of a digital token that FTX had issued, and then used it as collateral for undisclosed loans that Alameda took from FTX. That means Alameda, the trading firm, was secretly using the money of FTX customers to cover losses it had sustained.
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FTX's Sam Bankman-Fried's ex-Caroline Ellison to take standThe collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's former gal pal, in the firm's implosion.
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Sam Bankman-Fried trial: Caroline Ellison, ex-girlfriend of FTX founder, to testifyBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
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Sam Bankman-Fried trial: former Alameda CEO Caroline Ellison to testifyThe U.S. Department of Justice said that Ellison’s personal memos, which include diary entries, will most likely be used as evidence against Bankman-Fried.
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Sam Bankman-Fried Trial: Top Deputy, Ex-Girlfriend Caroline Ellison Star WitnessFTX founder Sam Bankman-Fried is about to go on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo Illustration: Annie Zhao
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Caroline Ellison, Sam Bankman-Fried's ex-girlfriend, to take center stage in crypto trialBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
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SBF's ex-girlfriend Caroline Ellison takes the stand as government's star witnessCaroline Ellison is expected to take the stand in Sam Bankman-Fried criminal trial on Tuesday.
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