FTX's Caroline Ellison Blames Ex Sam Bankman-Fried for Directing Her to Commit Fraud in Collapse

Caroline Ellison was the chief executive of Alameda Research and blamed Sam Bankman-Fried for directing her to commit crimes that led to FTX's collapse.

Ellison testified Bankman-Fried instructed her to take $14 billion from FTX customer funds to finance Alameda investments and loans.

Ellison pleaded guilty to fraud and conspiracy and is cooperating with prosecutors in Bankman-Fried's criminal trial.

Ellison and Bankman-Fried were colleagues, friends, and romantic partners over 5+ years working together.

As star witness, Ellison's testimony is highly anticipated in trial where Bankman-Fried faces life sentence if convicted on conspiracy and fraud charges.