Ex-Girlfriend Says Sam Bankman-Fried Directed Her to Commit Crimes Funneling Billions from FTX

Caroline Ellison, ex-girlfriend and employee of Sam Bankman-Fried, testified he directed her to commit crimes that funneled billions from FTX customers.

Ellison said Bankman-Fried set up a system allowing unlimited transfers from FTX to Alameda Research to pay off debts.

She became Alameda CEO but said Bankman-Fried controlled key decisions behind the scenes.

Ellison remained composed describing the fraud, though she felt it would make customers uncomfortable.

The defense may blame Ellison for not hedging Alameda's risky trades that led to FTX's collapse.