SBF Trial Is “Turning Into a Guilty Plea in Slow Motion”

TL;DR

• Yesterday we noticed Caroline Ellison testify (she’s the previous CEO of Alameda Analysis, and the previous girlfriend of SBF).

• It was loopy.

• Here’s yesterday’s transcript, together with testimony that mentioned SBF believed he would finally turn into President.

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This can be a damning assertion if we have ever seen one…

Former Watergate Prosecutor Nick Akerman simply mentioned this concerning the SBF trial:

“That is turning right into a responsible plea in gradual movement.”

We really feel his sentiment! Yesterday we noticed Caroline Ellison testify (she’s the previous CEO of Alameda Analysis, and the previous girlfriend of SBF).

If you happen to thought Gary Wang did not maintain again, wait until you hear the point-blank testimony of Caz!

Here is the dialogue we’re studying in real-time…

Assistant United States Lawyer (AUSA): Did you commit crimes?
CAZ: Fraud.

AUSA: What was his [SBF’s] involvement within the crimes?
CAZ: He was the top of Alameda then FTX. He directed me to commit these crimes.

AUSA: What makes you responsible?
CAZ: Alameda took a number of billions of {dollars} from FTX clients and used it for investments.

AUSA: What was the defendant’s [SBF’s] function?
CAZ: He arrange the methods and instructed us to take the cash.

(See what Nick Akerman means about watching a “responsible plea in gradual movement”?)

Need extra? Here’s the rest of yesterday’s transcript, together with testimony that mentioned SBF believed he would finally turn into President.

…of the USA!