Anonymous ID: 90533d Oct. 11, 2023, 8:36 a.m. No.19714174   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4181 >>4206

With Bankman-Fried watching from his courtroom seat, Ellison, 28, said at the New York City trial that she committed fraud, conspiracy to commit fraud and money laundering with Bankman-Fried and others as they stole from customers and investors in FTX, a company Bankman-Fried started, and lenders to his hedge fund, Alameda Research.

โ€œHe directed me to commit these crimes,โ€ she said of Bankman-Fried.

Repeatedly, Ellison made clear that Bankman-Fried was behind the biggest financial moves in his companies, to the point that bitcoins he created were sometimes called โ€œSamโ€™s coins.โ€

She described him as โ€œvery ambitiousโ€ and envisioning eventually leading huge companies and using his money influentially, especially in politics.

He even thought there was a 5% chance heโ€™d become president someday, Ellison said.

โ€œWhen you say president, what are you referring to?โ€ asked Assistant U.S. Attorney Danielle Sassoon.

โ€œOf the United States,โ€ Ellison answered.

Shortly after Ellisonโ€™s highly anticipated turn on the witness stand began, she was asked to identify Bankman-Fried in the courtroom. The bespectacled Ellison stood and scanned the courtroom for a long minute, at first unable to spot him, before gesturing his way with a flip of her hand and saying he was โ€œover there wearing a suit.โ€

The appearance of Bankman-Fried, who sat with his lawyers, has changed dramatically recently as he has lost weight and trimmed his well-known wild coif into a tightly cropped look more traditional among financial professionals.

Anonymous ID: 90533d Oct. 11, 2023, 8:38 a.m. No.19714185   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

One balance sheet that Bankman-Fried ended up choosing for Ellison for one lender, Genesis, was known as โ€œAlternative 7.โ€ An entry on the balance sheet for the amount Alameda had borrowed from FTX was removed.

The effect was that it looked like the loans were safer than they actually were, Ellison said. Ultimately, Alamedaโ€™s liabilities went down from $15 billion on its original balance sheet to around $10 billion on the Alternative 7 version.

Ellison said she knew that FTX executives and entities didnโ€™t have the money to repay Alameda what it had lent out, as those funds had been invested into various things.

Anonymous ID: 90533d Oct. 11, 2023, 9:04 a.m. No.19714304   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

https://abcnews.go.com/Business/wireStory/star-witness-caroline-ellison-starts-testimony-ftx-founder-103868162

Some money, she said, went to political donations, including $35 million funneled through one political operative to Republican candidates and another $10 million that Bankman-Fried steered to President Joe Biden, money that she said Bankman-Fried thought bought him a measure of influence and recognition.

Anonymous ID: 90533d Oct. 11, 2023, 9:07 a.m. No.19714327   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Belgium will become the first country to transfer frozen Russian assets to Ukraine.

As Prime Minister Alexander De Croo said after a meeting with Zelensky, the โ‚ฌ1.7 billion confiscated from Russia will be used for military issues, humanitarian aid and European aid packages for Ukraine.

 

https://en.wikipedia.org/wiki/BRICS

Anonymous ID: 90533d Oct. 11, 2023, 9:15 a.m. No.19714387   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4395 >>4402

https://www.nbcnews.com/id/wbna8379455

With tensions running high as the withdrawal nears, Israel has descended into an emotional color war. Jewish settlers and their supporters have embraced orange. On the blue side are peace activists and other backers of the withdrawal. Each side's weapon of choice: ribbons โ€” tied to cars, backpacks and even wedding bouquets.

Emily Amrusi, a spokeswoman for the settlers, said they adopted orange in imitation of the pro-democracy struggle in Ukraine. Settlers accuse Prime Minister Ariel Sharon of using non-democratic methods to push his plan through parliament. Orange is also the color used to label agricultural products grown by Jewish farmers in Gaza.

The pro-pullout activists chose blue and white because they are the colors of the Israeli flag, said Ami Ayalon, a former head of Israel's Shin Bet security service now among the blue team's top brass. "You don't have to explain anything. Blue and white says it all," he said.