Bankman-Fried Struggles to Undermine Fraud Testimony from Former Alameda CEO Ellison

Caroline Ellison was CEO of Alameda Research, founded by Sam Bankman-Fried. She testified at Bankman-Fried's fraud trial.

Bankman-Fried's lawyer struggled to undermine Ellison's credibility during cross-examination. The judge was confused by his line of questioning.

Ellison testified she improperly used FTX customer funds for Alameda investments at Bankman-Fried's direction.

A former Alameda employee largely corroborated Ellison's testimony about misusing customer funds.

Ellison pleaded guilty to fraud charges; Bankman-Fried has pleaded not guilty. Bankman-Fried tried to improperly influence witnesses, including Ellison.