Caroline Ellison, the tech executive who ran Sam Bankman-Fried’s hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss and boyfriend thought he might be U.S. president someday.
With Bankman-Fried looking on from his seat in the courtroom, Ellison, 28, testified at the New York City trial that she committed fraud, conspiracy to commit fraud and money laundering along with Bankman-Fried and others.
He directed me to commit these crimes,” she said of Bankman-Fried, when asked by a prosecutor about his involvement.
Repeatedly, Ellison made clear that Bankman-Fried was behind the biggest financial moves in his companies, to the point that bitcoins he created were sometimes called Sam’s coins.
She described him as very ambitious and envisioning eventually leading huge companies and using his money influentially.
He even thought there was a 5 per cent
| Subscribe To Our Free Newsletter |
