{"id":446960,"date":"2023-10-11T12:24:18","date_gmt":"2023-10-11T12:24:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=446960"},"modified":"2023-10-11T12:24:18","modified_gmt":"2023-10-11T12:24:18","slug":"sam-bankman-fried-directed-me-to-commit-crimes-caroline-ellison-tells-court","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sam-bankman-fried-directed-me-to-commit-crimes-caroline-ellison-tells-court","title":{"rendered":"Sam Bankman-Fried Directed Me to Commit Crimes, Caroline Ellison Tells Court"},"content":{"rendered":"
Former Alameda Research CEO Caroline Ellison claims Sam “SBF” Bankman-Fried, her ex-boyfriend and former FTX CEO, directed her to commit crimes.<\/span><\/p>\n Testifying on Tuesday, she stated that the actions resulted in the complete collapse of the cryptocurrency empire.<\/span><\/p>\n Ellison said that under Bankman-Fried’s instruction<\/span>s, Alameda accessed FTX customer deposits without consent, using them for various investments, including property purchases and political campaign donations. This misuse of customer funds is central to the allegations against Bankman-Fried.<\/span><\/p>\n AUSA: What was his involvement in the crimes? — Inner City Press (@innercitypress) October 10, 2023<\/a><\/p><\/blockquote>\n\n
Ellison: He was the head of Alameda then FTX. He directed me to commit these crimes.
AUSA: What makes you guilty?
Ellison: Alameda took several billions of dollars from FTX customers and used it for investments.<\/p>\n