Alameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimes

Alameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimes

a year ago
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https://techcrunch.com/2023/10/10/alameda-research-caroline-ellison-sbf-trial/

Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial, claiming that the former FTX CEO directed her to commit fraud and money laundering crimes.

Ellison added that while she ran Alameda, she took several billion dollars from customers to invest in other projects and repay debts to lenders through an “essentially unlimited line of credit.”

Alameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimes

Oct 10, 2023, 6:49pm UTC
https://techcrunch.com/2023/10/10/alameda-research-caroline-ellison-sbf-trial/ > Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial, claiming that the former FTX CEO directed her to commit fraud and money laundering crimes. > Ellison added that while she ran Alameda, she took several billion dollars from customers to invest in other projects and repay debts to lenders through an “essentially unlimited line of credit.”