SBF Trial Is “Turning Into a Guilty Plea in Slow Motion”
TL;DR
Yesterday we saw Caroline Ellison testify (she's the former CEO of Alameda Research, and the former girlfriend of SBF).
It was crazy.
Here's yesterday's transcript, including testimony that said 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 a guilty plea in slow motion."
We feel his sentiment! Yesterday we saw Caroline Ellison testify (she's the former CEO of Alameda Research, and the former girlfriend of SBF).
If you thought Gary Wang didn't hold back, wait till you hear the point-blank testimony of Caz!
Here's the dialogue we're reading in real-time...
Assistant United States Attorney (AUSA): Did you commit crimes?
CAZ: Fraud.
AUSA: What was his [SBF's] involvement in the crimes?
CAZ: He was the head of Alameda then FTX. He directed me to commit these crimes.
AUSA: What makes you guilty?
CAZ: Alameda took several billions of dollars from FTX customers and used it for investments.
AUSA: What was the defendant's [SBF's] role?
CAZ: He set up the systems and told us to take the money.
(See what Nick Akerman means about watching a "guilty plea in slow motion"?)
Want more? Here's the rest of yesterday's transcript, including testimony that said SBF believed he would eventually become President.
...of the United States!