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Special Episode: The Trial of Sam Bankman-Fried
Oct 12, 2023
Former co-CEO of Alameda Research and Sam Bankman-Fried's ex-girlfriend, Caroline Ellison, takes the stand in the trial for fraud. The prosecution questions her involvement and she points out Sam in the courtroom. The trial continues with Gary Wong's testimony and the examination of liquid and illiquid assets.
16:44
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Podcast summary created with Snipd AI
Quick takeaways
- Caroline Ellison's testimony supports the prosecution's claim that Sam Bankman Fried used FTX customer funds for personal investments through Alameda.
- Sam Bankman Fried's ambition and attitude towards risk provide context for understanding his actions in the trial.
Deep dives
Key Point 1: Caroline Ellison's Testimony
Caroline Ellison, the co-CEO of Alameda Research and Sam Bankman Fried's former girlfriend, took the stand in the Sam Bankman Fried trial. She admitted to committing financial crimes with Sam and pointed him out in the courtroom. The prosecution aims to prove that Sam used FTX customer funds for his personal investments through Alameda, and Caroline's testimony supports this. The defense may challenge her credibility as a bitter ex-girlfriend, but the prosecution is preempting that defense by addressing their relationship and Sam's control over her decisions at Alameda.
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