Caroline Ellison, whose testimony helped convict Sam Bankman-Fried, faces her own sentencing
CNN
A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. On Tuesday, she’ll learn whether her own gamble — cooperating with prosecutors in the hopes of staying out of prison — will pay off.
A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. On Tuesday, she’ll learn whether her own gamble — cooperating with prosecutors in the hopes of staying out of prison — will pay off. A quick recap: Ellison’s testimony at Bankman-Fried’s trial last fall was crucial. In a memo to Judge Lewis Kaplan last week, prosecutors praised Ellison’s candor and “substantial assistance” in the investigation — a fact that could help her duck jail time despite facing a similar list of charges as Bankman-Fried. From the start, Ellison was the prosecution’s star witness — someone who worked hand in glove with Bankman-Fried and who kept a contemporaneous diary chronicling the ups and downs of their business and their often-rocky romantic relationship. And in a trial that centered on technical, complex topics like digital assets and decentralized finance, Ellison’s testimony offered an emotional and relatable narrative. Over three days on the stand, Ellison, who is 29, repeatedly reinforced that throughout her years at Alameda, the buck stopped with Bankman-Fried. When asked who directed her to carry out various actions, criminal or otherwise, she frequently replied “Sam did.”
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