New York CNN —After two days of at-times emotional testimony from Caroline Ellison, a former top adviser to fallen crypto mogul Sam Bankman-Fried, defense lawyers were set to begin questioning her on the stand Thursday.
Ellison, 28, told jurors this week that she and Bankman-Fried, whom she dated on and off, committed financial crimes for years.
Former crypto hedge fund Alameda Research CEO Caroline Ellison arrives for Sam Bankman-Fried's trial at Federal Court in New York City, October 11, 2023.
Sam acted in good faith in trying to build and run FTX and Alameda.”But “things were happening quickly, very quickly,” Cohen said.
“Sam and others made hundreds of decisions a day … as a result, some things got overlooked.”This story is developing and will be updated.
Persons:
Caroline Ellison, Sam Bankman, Ellison, Fried, Brendan McDermid, Mark Cohen, Sam didn’t, Sam, ” Cohen, “ Sam
Organizations:
New, New York CNN, Alameda Research, Alameda, Federal Court, Reuters
Locations:
New York, New York City, Alameda