Explosive Testimony: SBF Directed Caroline Ellison To Commit Crimes

Key Points:

• Testimony reveals SBF directed Caroline Ellison to commit Crimes.
• Ellison claims that they together defrauded customers, investors, and lenders associated with FTX.

The court today revealed that SBF directed Caroline Ellison To Commit Crimes, including defrauding customers, investors, and lenders. She also claims he set up a system allowing Alameda to access funds.

During the brief appearance on the stand, Ellison elegantly dressed in a gray coat and a dark pink dress. When asked to identify him in the courtroom, Ellison took a moment to scan the room before confidently pointing him out.

SBF Directed Caroline Ellison To Commit Crimes

In the courtroom testimony, former Alameda CEO Caroline Ellison made startling allegations against Sam Bankman-Fried, the founder of FTX exchange. Ellison claimed that together, they defrauded customers, investors, and lenders associated with the exchange.

He directed me to commit these crimes.

Ellison said

Alameda, the hedge fund affiliated with FTX, played a central role in Ellison’s testimony. She revealed that Alameda had access to an unlimited line of credit on the exchange, from which they withdrew approximately $14 billion.

He is the one who set up the system to allow Alameda to take money.

Ellison said

However, she noted that a portion of the funds had been repaid. Ellison disclosed that Alameda utilized these funds to repay lenders and make investments.

Bankman-Fried, according to Ellison, was responsible for setting up the system that enabled Alameda to access these funds. She placed the blame squarely on him for the alleged fraudulent activities.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.