Sam Bankman-Fried’s former enterprise affiliate Caroline Ellison appeared at the moment for her third day of testimony within the former FTX CEO’s felony trial.
With prosecutors having wrapped their questioning of Ellison, Bankman-Fried’s counsel, Mark Cohen, started his cross-examination at the moment. Stories from the within the courtroom, offered dwell by New York media outlet Interior Metropolis Press, paint an image of a courtroom that’s bewildered and exasperated by Mr. Cohen’s techniques.
Cohen’s questions had been largely repetitive of supplies coated in prosecution’s examination. The prosecutions repeatedly challenged the relevance of the questions and engaged in a number of sidebars with the decide and the protection’s request. These interruptions led Decide Kaplan to precise his want to scale back the frequency of those sidebars, thereby sustaining the circulation of the proceedings.
Decide Kaplan reportedly expressed his astonishment on the type of interrogation, stating, “Mr. Cohen, I’ve by no means seen the cross of a cooperator accomplished like this.”
Ellison’s position at Alameda and her relationship with Bankman-Fried was a recurring theme within the cross-examination. Cohen’s line of questions highlighted variations of their danger tolerance, enterprise imaginative and prescient, and even private types. Their contrasting views on the blockchain venture Solana, FTX’s enterprise mannequin, and their distinct stress administration types had been introduced into the highlight.
Cohen’s line of questioning additionally centered on the administration of Alameda’s funds, the implications of their enterprise mannequin, and the utilization of their loans. Based on Ellison, the construction which Alameda employed, whereas being likened to a hedge fund, had benefits over conventional hedge funds as a consequence of its flexibility.
Caroline Ellison is among the many authorities’s star witnesses in its case towards Bankman-Fried. Her testimony is ongoing at press time.
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