Caroline Ellison says she felt ‘relief not to have to lie any more’ after FTX collapse
by Victoria Bekiempis in New York and Dani Anguiano from US news | The Guardian on (#6FFS1)
Former Alameda Research CEO describes in teary testimony how her ex-boyfriend Sam Bankman-Fried led her to commit fraud
On the sixth day of Sam Bankman-Fried's fraud trial, Caroline Ellison, his ex-girlfriend and colleague, described how relief washed over her when the FTX cryptocurrency exchange collapsed.
Ellison, the former CEO of Alameda Research, the hedge fund associated with the company, broke into tears as she described FTX's final days in testimony Wednesday. She said that, during last year's cryptocurrency crash, Bankman-Fried directed her to illegally appropriate FTX customers' money and lie to its many lenders.
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