Barnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
When you sleep with the boss, break up, and then go on to help him orchestrate one of the biggest financial frauds in U.S. history, things can get a little awkward around the water cooler, Caroline Ellison, the former CEO of Alameda Research, testified Thursday.
Prosecutors accused the former crypto king of trying to tap into the hold he once had over Ellison in an attempt to deride her testimony. Ellison told jurors Thursday that it became difficult to talk to Bankman-Fried after they broke up for good in April 2022 and that he avoided one-on-one conversations. The uncomfortable situation spilled over to their home life because the two shared a penthouse apartment in the Bahamas, where FTX and Alameda were based. Even though Ellison moved on and found love with a new co-worker, the weight of the broken relationship hung in the air.
Ellison testified Wednesday that she and other members of Bankman-Fried's inner circle started panicking in June 2022 when multiple lenders asked to see the crypto trading firm's balance sheets. Bankman-Fried ordered her to doctor seven different balance sheets that made Alameda's losses look less significant, she said under oath.
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