Bankman-Fried Fraud Case Worsens as Insider Testimony Mounts Against Him

Sam Bankman-Fried's prospects for beating fraud charges are deteriorating as prosecutors present damaging testimony from insiders.

Key witness Caroline Ellison admitted falsifying records at Bankman-Fried's direction, dealing a blow to the defense.

The judge has blocked witnesses the defense wanted to call and limited their questioning.

Bankman-Fried faces a tough choice on whether to testify himself and risk damaging cross-examination.

Prosecutors have presented a straightforward fraud case that Bankman-Fried took customer money illegally.