Caroline Ellison says FTX founder Sam Bankman-Fried corrupted her values so she could lie and steal
Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets
NEW YORK (AP) — Sam Bankman-Fried ’s former top executive blamed the FTX founder on Wednesday of corrupting her values so she could lie and steal and create false balance sheets, things she told jurors at his New York City trial that she never imagined doing before joining his cryptocurrency empire.
Caroline Ellison, who eventually was made chief executive of Bankman-Fried's cryptocurrency hedge fund, Alameda Research, blamed the man she was entwined with romantically for several years since 2018 for creating justifications so that she could do things that she now admits were wrong and illegal.
Testifying in federal court in Manhattan, she recalled that Bankman-Fried said he wanted to do the greatest good for the greatest number of people and that rules like “don't lie” or “don't steal” must sometimes be set aside.
Assistant U.S. Attorney Danielle Sassoon asked Ellison how she was affected by Bankman-Fried's philosophy.
