FTX Founder Had Presidential Aspirations While Masterminding Fraud, Former CEO Says

FTX founder Sam Bankman-Fried hoped to become US president someday, according to former CEO Caroline Ellison.

Ellison testified Bankman-Fried directed her and others to defraud FTX customers by taking their money without consent.

She said Bankman-Fried was obsessed with rivaling Binance and thought he could be president.

Ellison admitted her role in fraud, conspiracy, and money laundering with Bankman-Fried at FTX and Alameda.

She stated Bankman-Fried masterminded illicit activities and made major financial decisions for his companies.