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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsNEW YORK - Caroline Ellison, the former co-head of Sam Bankman-Fried's hedge fund and a pivotal witness in his trial on fraud charges tied to the collapse of his FTX cryptocurrency exchange, is scheduled to retake the stand on Wednesday morning.
She is one of three former members of Bankman-Fried's inner circle who have pleaded guilty to fraud charges and agreed to cooperate with the Manhattan U.S. Attorney's office. The 28-year-old Stanford University graduate told jurors Bankman-Fried, her former boss and sometime romantic partner, shrugged off the risk of Alameda's lending and investment strategies, which relied on loans from crypto lenders who could demand repayment at any time.
Prosecutors say Bankman-Fried plundered billions in customer funds to prop up Alameda, buy real estate and donate more than $100 million to U.S. political campaigns before FTX declared bankruptcy in November 2022 following a collapse that shocked financial markets and left his reputation in tatters.
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Star witness Caroline Ellison says FTX founder Sam Bankman-Fried hoped to be U.S. president somedayCaroline Ellison, the tech executive who ran Sam Bankman-Fried 's hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss thought he might be U.S. president someday.
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Star witness Caroline Ellison says FTX founder Sam Bankman-Fried hoped to be US president somedayHe even thought there was a 5% chance he'd become president someday, Ellison said.
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