Ellison, the former Alameda CEO and ex-girlfriend of Sam Bankman-Fried, faced cross-examination in the FTX founder’s fraud trial on Thursday.
Caroline Ellison, the former Alameda CEO and ex-girlfriend of Sam Bankman-Fried, faced cross-examination in the FTX founder's fraud trial Thursday.
Caroline Ellison, the government's star witness in its fraud case against FTX founder Sam Bankman-Friend, took the stand for cross-examination on Thursday morning as the trial continued in a courthouse in downtown Manhattan. On Thursday morning, Ellison faced aggressive questioning from Bankman-Fried's lawyer Mark Cohen, who spoke over her several times as she tried to testify. But Judge Lewis Kaplan also appeared annoyed at the fact that Cohen requested two sidebar conferences early on to pursue lines of questioning.
Ellison testified that she and Trabucco began handling a lot of Alameda's day-to-day business as early as 2020, well before officially taking over, and that there were periods of time where Bankman-Fried would not talk to them much. By 2021, she testified, Bankman-Fried had largely stopped coming into the Alameda office and had left more of the job to Ellison. She said that Trabucco was good under pressure and at handling extreme trading situations.
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