Secret audio from a former Alameda Research employee complicates Sam reveals that after FTX collapsed, his ex-girlfriend Caroline Ellison admits some decisions were "Sam's.” Ellison testified over multiple days and provided an insider perspective as a close advisor and romantic partner of Bankman-Fried. She described financial documents as "dishonest" and stated key decisions came from Bankman-Fried. Ellison testified about moving $100 million to Chinese accounts, which she believed to be a bribe to unfreeze funds. She also described a failed scheme to use "Thai prostitutes" accounts to drain funds from China. Ellison and Bankman-Fried both face decades in prison if convicted, and she has pleaded guilty already to cooperate with prosecutors for a lighter sentence.
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00:00 It's Benzinga and here's what's on the block.
00:02 Secret audio from a former Almeda Research employee complicate Sam reveals that after
00:07 FTX collapsed, his ex-girlfriend Caroline Ellison admits some decisions were Sam's.
00:13 Ellison testified over multiple days and provided an insider perspective as a close advisor
00:19 and romantic partner of Bankman Free.
00:22 She described financial documents as dishonest and stated key decisions came from Bankman
00:26 Free.
00:28 Ellison testified about moving $100 million to Chinese accounts, which she believed to
00:32 be a bribe to unfreeze funds.
00:35 She also described a failed scheme to use Thai prostitutes' accounts to drain funds
00:39 from China.
00:41 Ellison and Bankman Freed both based decades in prison if convicted, and she has pleaded
00:45 guilty already to cooperate with prosecutors for a lighter sentence.
00:49 For all things money, visit Benzinga.com.
00:51 [BLANK_AUDIO]