SBF Faces Caroline Ellison’s Star Witness Testimony in Second Week of FTX Fraud Trial
- Ellison to provide insight into inner workings of FTX, Alameda
- First week offered hints on defense, prosecution strategies
Sam Bankman-Fried
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Caroline Ellison, the star witness against FTX co-founder Sam Bankman-Fried, is due to take the stand at his fraud trial as soon as Tuesday. Her highly-anticipated testimony will be pivotal in the criminal case and is expected to delve into the inner workings of FTX and sister hedge fund Alameda Research.
Ellison, the former Alameda chief executive officer, is one of the few people in Bankman-Fried’s inner circle whom prosecutors say knows the truth behind the alleged siphoning of billions of dollars in FTX customer funds to the sister trading firm. She pleaded guilty and agreed to cooperate with federal prosecutors after FTX collapsed.