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During her testimony at the New York court on Tuesday, October 10, SBF’s ex-girlfriend Caroline Ellison spilled the beans exposing the notorious funding at FTX before its collapse in November 2022,
SBF Had Political Ambitions, Said Ellison
In a federal courtroom in downtown Manhattan, Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, testified that Bankman-Fried had aspirations of becoming President of the United States. During their on-and-off three-year relationship, he confided in her that he saw a 5% chance of potentially becoming the President one day.
During their on-and-off three-year relationship, Caroline Ellison, who is 28 years old, stated that Sam Bankman-Fried confided in her about his aspirations. He aimed to make a substantial impact in both the realms of business and politics, she said.
There’s no secret to this before the FTX collapse, SBF was donating major funds to political parties through the exchange. Much discussion has revolved around Sam Bankman-Fried’s alleged unlawful contributions and offerings to various entities, including political organizations. There is a prevailing belief that these financial contributions constituted customer deposits, which the 31-year-old entrepreneur purportedly diverted for personal gain
During the court ruling last month, the Judge also granted permission to question FTX’s political donations.
Ellison: SBF New About Alameda Risks
During her testimony yesterday, Ellison came out clean stating that Sam Bankman-Fried forced her to commit crimes. She further added that SBF very much knew about the risks at Alameda and still decided to use billions of dollars in customer funds towards risky investments.
“I thought that Alameda’s financial position was risky, and if the market went down we would lose a lot of money,” Ellison testified. “I was concerned about conveying that information to lenders and worrying about Alameda’s financial health and recalling their loans.”
It is clear that troubles for Sam Bankman-Fried continue to mount further with things not going in his favor clearly.
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