The disgraced crypto titan tried to blame the downfall of his entire operation on his ex-girlfriend. In court on Tuesday, she did not hold back when she took the stand.
, after learning the company was much less stable than Bankman-Fried had told her. She entered into a relationship with the crypto golden boy, which he refused to acknowledge despite her multiple pleading memos. Now, in his criminal trial, her former boss and lover is attempting to blame the downfall of his operation on her.Ellison—who has already pleaded guilty to her role in the alleged fraud—took the stand in a downtown Manhattan courtroom as possibly the most important witness in the trial.
Kevin O’Brien, a former federal prosecutor, told The Daily Beast that Ellison “may be the most important accomplice witness in the case.” “Out of that entire inner circle friend group, I think Caroline and might have had the best intentions,” the former employee said, requesting anonymity because of ongoing legal proceedings. “Their crime was playing along for way too long and not speaking up.”
That changed in December, when Ellison pleaded guilty to seven counts in what prosecutors say was a Bankman-Fried-directed scheme to illegally funnel FTX customer money to Alameda., Ellison’s involvement with the FTX scandal started with, if not a lie, a grave omission. Over coffee in 2017, Bankman-Fried told Ellison he was building an exciting, secretive new trading firm that centered the aims of effective altruism—the niche philosophy to which both subscribed.
“She didn’t strike me as a person who would enjoy a position of power, maybe even the opposite,” this person said via the messaging app Telegram. “She enjoyed numbers and hard problems, not titles.”
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