Sam Bankman-Fried’s fraud trial is poised to take a dramatic turn Tuesday when government prosecutors call Caroline Ellison – the former CEO of Alameda Research and the FTX founder’s sometime-girlfriend – as their star witness.
Ellison will take the stand after FTX co-founder Gary Wang completes his testimony, prosecutors said on Friday in Manhattan federal court. Although Ellison’s cooperation with prosecutors has long been known, the details of her testimony against her ex-partner could provide the deepest, most damning insight yet into the inner workings of FTX and Alameda, the cryptocurrency exchange’s closely linked hedge fund, where she served dual roles as Bankman-Fried’s business confidant and occasional lover.
