TL; DR
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Yesterday we saw Caroline Ellison testify (she is the former CEO of Alameda Research and SBF’s former girlfriend).
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It was crazy.
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Here is yesterday’s transcript, including testimony stating that SBF believed he would eventually become president.
Full story
This is a damning statement if we’ve ever seen one…
Former Watergate prosecutor Nick Akerman just said this about the SBF trial:
“This is turning into an admission of guilt in slow motion.”
We feel his sentiment! Yesterday we saw Caroline Ellison testify (she is the former CEO of Alameda Research and SBF’s former girlfriend).
If you thought Gary Wang didn’t hold back, wait until you hear Caz’s clear testimony!
Here is the dialogue we read in real time…
Assistant United States Attorney (AUSA): Have you committed crimes?
CAZ: Fraud.
AUSA: What was his [SBF’s] involvement in the crimes?
CAZ: He was the head of Alameda and then FTX. He instructed me to commit these crimes.
AUSA: What makes you guilty?
CAZ: Alameda took several billion dollars from FTX customers and used them for investments.
AUSA: What belonged to the suspect [SBF’s] role?
CAZ: He set up the systems and told us to take the money.
(See what Nick Akerman means by watching a “guilty plea in slow motion”?)
Want more? Here’s the rest of yesterday’s transcript, including testimony stating that SBF believed he would eventually become president.
…of the United States!