Ellison Details Crimes With SBF as FTX Collapsed From Misused Customer Funds

Caroline Ellison resumed testifying against Sam Bankman-Fried, her former boss and ex-boyfriend.

Judge largely denied requests by SBF's lawyers to raise lack of crypto regulations, FTX bankruptcy recoveries, and SBF's charitable giving.

Ellison said she committed crimes with SBF by misstating Alameda's assets/liabilities and misusing FTX customer funds.

In Nov 2022, FTX ran out of money to cover customer withdrawals because Alameda had taken funds for its own investments.

Ellison testified SBF retained control over Alameda's decisions despite naming her CEO, and disregarded her advice.