The 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.
In the second week of his fraud trial, SBF will face testimonies against him from witnesses, including former partner and CEO of Alameda Research Caroline Ellison.The second week of the Sam “SBF” Bankman-Fried FTX fraud trial will commence its hearings again on Monday, Oct. 9, with one of the main focal points anticipated to be testimony from Caroline Ellison.
Ellison, the former romantic partner of SBF’s and CEO of FTX-tied Alameda Research, is set to testify this upcoming week, possibly as soon as Tuesday. She was a part of Bankman-Fried’s inner circle and is expected to know details regarding the movement of customer funds between the two companies. In her testimony, she is expected to highlight a November 2022 meeting with employees of Alameda when she admitted to using customer funds to repay creditors, which was given the green light by Bankman-Fried.He added that Bankman-Fried did all the work on the front end — media, lobbying and investor relations — while Wang did the coding. “In the end, it was Sam’s decision to make .
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