The Justice Department has approved Paramount Skydance’s roughly $110 billion acquisition of Warner Bros. Discovery, a major step toward combining two historic Hollywood studios. State regulators, entertainment workers and European Union officials continue to scrutinize the deal.
Posts tagged as “Caroline Ellison”
Minnesota has sued the Trump administration’s DOJ and DHS for obstructing investigations into three shootings involving federal officers during Operation Metro Surge, alleging withheld evidence and blocked access to critical information. The lawsuit claims violations of the Administrative Procedure Act and the 10th Amendment, with state officials denied access to key evidence and identities of involved federal agents. Separately, the DOJ has requested classified records related to former CIA Director John Brennan amid a grand jury investigation into his role in the 2016 Russia interference assessment, drawing criticism from Brennan’s legal team and political allies.
Caroline Ellison, former CEO of Alameda Research, is testifying in the criminal trial of Sam Bankman-Fried, who is facing seven federal charges including wire fraud, securities fraud and money laundering. Ellison claims Bankman-Fried's philosophy made her "more willing to do things like lie and steal over time" and that the collapse of FTX left her feeling "relief that I didn't have to lie anymore." Her testimony is a key part of the prosecution's case against Bankman-Fried, and is expected to continue for the remainder of the week.
Former Employee Testifies Against Crypto Trading Firm Co-Founder Sam Bankman-Fried in New York Court
Former Employee Testifies Against Crypto Trading Firm Co-Founder Sam Bankman-Fried in New York Court
Caroline Ellison, a former employee of the now-defunct crypto trading firm FTX, has testified against its co-founder Sam Bankman-Fried in a New York court. Ellison has pleaded guilty to fraud and money laundering charges, and is the only witness to the alleged crimes. Bankman-Fried has denied any wrongdoing, and the trial is expected to continue for several more weeks, with the outcome potentially setting a precedent for holding crypto executives accountable for their actions.
Samuel Bankman-Fried, the founder of cryptocurrency trading firm FTX, was ordered to be sent to jail on Friday by a federal judge in New York. The Justice Department has accused Bankman-Fried of a “pattern of witness tampering and evading his bail conditions”, which included trying to influence witnesses in his fraud case and reaching out to witnesses in violation of his bail conditions. Bankman-Fried is currently being held in a federal detention center, and his case is ongoing.