"Caroline Ellison's Testimony Reveals Damning Allegations Against Sam Bankman-Fried"

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Source: CBS News
"Caroline Ellison's Testimony Reveals Damning Allegations Against Sam Bankman-Fried"
Photo: CBS News
TL;DR Summary

Sam Bankman-Fried's defense attorney struggled to effectively challenge the testimony of Caroline Ellison, his former girlfriend and the government's key witness in his criminal fraud trial. Ellison testified that Bankman-Fried directed her to use money from FTX customer accounts to fund investments and trading strategies at his cryptocurrency hedge fund, Alameda Research. She also claimed that Bankman-Fried instructed her to withdraw FTX deposits for various purposes, including political donations and hiding losses. The defense attorney faced difficulties in his questioning, frequently changing topics and dates, and even apologizing for referencing the wrong document. The judge intervened multiple times, seeking clarity on the attorney's line of questioning. Bankman-Fried has pleaded not guilty to fraud charges.

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