FTX Founder Sam Bankman-Fried Accused of Directing Fraud and Crimes
TL;DR
Caroline Ellison, the former CEO of Sam Bankman-Fried's hedge fund, testified in court that Bankman-Fried instructed her and others to defraud FTX exchange customers by taking their money without their knowledge. Ellison revealed Bankman-Fried's obsession with rival Binance and his belief that he could become the US president. She admitted her involvement in fraud, conspiracy to commit fraud, and money laundering alongside Bankman-Fried. Ellison portrayed him as ambitious and the mastermind behind illicit activities, including siphoning funds from customers and investors. Bankman-Fried faces charges of fraud and conspiracy but maintains his innocence.
Topics:top-newscryptocurrencyfinance#cryptocurrencyfinance#fraud#ftx-exchange#hedge-fund#sam-bankman-fried#testimony
- FTX founder Sam Bankman-Fried hoped to be US president someday: Star witness Caroline Ellison - Times of India IndiaTimes
- Witness testifies Sam Bankman-Fried directed her to commit fraud CBS News
- 'Don't Do That Again': Sam Bankman-Fried's Lawyers Under Fire From Judge The New York Times
- Caroline Ellison testifies Sam Bankman-Fried directed her to commit crimes: CNBC Crypto World CNBC Television
- SBF's ex-girlfriend: He 'directed me' to steal billions from FTX Yahoo Finance
Want the full story? Read the original reporting
Read on IndiaTimes