Bankman-Fried's Inner Circle Turns Against Him, Providing Damning Testimony in Fraud Case

Three of Sam Bankman-Fried's closest associates - Caroline Ellison, Gary Wang, and Nishad Singh - have turned against him and are cooperating with prosecutors.

The trio worked closely together at Bankman-Fried's companies Alameda Research and FTX and lived with him in The Bahamas.

Their testimony provides insights into Bankman-Fried as a person and boss, and implicates him in fraud.

If convicted on all charges, Bankman-Fried faces spending the rest of his life in prison.

Each former executive has pleaded guilty to criminal charges and faces decades in prison, but is cooperating for reduced sentences.