SBF's Ex Testifies He Directed Her to Commit Financial Crimes

Caroline Ellison, Sam Bankman-Fried's ex, testified he directed her to commit financial crimes at FTX and Alameda Research.

Ellison said Bankman-Fried thought he had a 5% chance of becoming U.S. president someday and wanted to influence politics.

Ellison testified under a plea deal and said Bankman-Fried stole from FTX customers and investors to fund his companies.

Ellison stated Bankman-Fried set up systems allowing unlimited withdrawals from FTX to Alameda Research.

Ellison testified Alameda withdrew up to $14 billion from FTX, some of which funded political donations.