FTX Latest: Ellison Laughed Nervously at Meeting Before FTX Fall
- Ellison discusses spreadsheets, lists that made SBF freak out
- Ellison completes third day of testimony at fraud trial
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We’re continuing to follow along as former Alameda Research Chief Executive Officer Caroline Ellison enters her third day on the stand in the criminal fraud trial against her ex-boyfriend, FTX co-founder Sam Bankman-Fried.
Ellison on Wednesday detailed how she worked with Bankman-Fried to lie about the health of Alameda and FTX and deceive lenders and customers. She testified that she falsified Alameda’s balance sheets, at the direction of Bankman-Fried, to conceal that the firm was taking in large sums of money from FTX customers.