Caroline Ellison blamed her former boyfriend for directing her to commit crimes before his cryptocurrency empire collapsed last November.
The trial of FTX founder Sam Bankman-Fried on Tuesday saw his former fellow top executive, Caroline Ellison, begin giving evidence against him.
When she was asked to identify Bankman-Fried in the courtroom, Ellison stood and scanned the courtroom, at first unable to find him, before gesturing his way with a flip of her hand and saying he was “over there wearing a suit”.Asked by a prosecutor about Bankman-Fried’s involvement, Ellison said: “He directed me to commit these crimes.”
Bankruptcy proceedings followed as prosecutors alleged that stolen funds were used to fund his businesses, make donations and contribute to political campaigns in the hopes of influencing cryptocurrency regulation in Washington.Ellison testified under a co-operation deal that could win her leniency when she is sentenced. It could also be pivotal when the jury decides whether Bankman-Fried is guilty of fraud charges among seven counts in an indictment against him.
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