Caroline Ellison Exposes Sam Bankman-Fried's Scandalous Actions

Caroline Ellison, the former CEO of Alameda Research, testified in the criminal fraud trial of Sam Bankman-Fried, stating that he made "terrible mistakes" that led to the collapse of FTX and Alameda. Ellison, the prosecution's star witness, maintained her account during cross-examination, despite attempts by Bankman-Fried's defense lawyer to undermine her testimony. She claimed that Bankman-Fried knew about the misuse of billions of dollars in customer funds and directed her to tap into FTX customer money. Ellison, along with two other FTX executives, pleaded guilty to fraud and agreed to cooperate with the government.