Ellison Testifies Bankman-Fried Directed Her to Commit Fraud and Manipulate FTX Customer Funds

Caroline Ellison, star witness in trial, says she committed fraud at direction of Sam Bankman-Fried.

Ellison testifies Bankman-Fried told her to take $10 billion from FTX customers to repay Alameda loans.

Bankman-Fried created system that let Ellison move FTX customer funds, she says.

Ellison says Bankman-Fried wanted balance sheets manipulated to hide issues from lenders.

Ellison testifies feeling "constant dread," says Bankman-Fried warned associates about communications.