Caroline Ellison doesn't change testimony about SBF crimes

Odaily Planet Daily News On the third day of the FTX founder Sam Bankman-Fried (SBF) fraud trial, Ellison basically remained silent after SBF lawyers cross-examined former Alameda Research CEO Caroline Ellison for several hours. Her statement made it difficult for the defense to shake her testimony that the FTX co-founder orchestrated a multi-billion dollar fraud. Over the course of three hours, defense attorney Mark Cohen only managed to score on subtlety, getting Ellison to admit that SBF did not oversee day-to-day operations and that she herself was not a good manager, but Cohen offered nothing that would allow prosecutors to admit Heavy information that casts doubt on the SBF case. In fact, the SBF has been hinting that Ellison was responsible since FTX and Alameda filed for bankruptcy in November 2022, raising expectations for Thursday’s cross-examination. Reports claim that the SBF anticipated her testimony and leaked her private information to the media in an apparent attempt to discredit her, and in the process had her bail revoked for possible witness tampering. (Bloomberg)