• The trial of FTX founder Sam Bankman-Fried took a star turn Tuesday as his former fellow top executive, Caroline Ellison, testified against him, saying he directed her to commit crimes before his cryptocurrency empire collapsed last November and revealing that her former boss and boyfriend thought he might be U.S. president someday.
• The Stanford-educated Ellison, 28, testifying in Manhattan federal court throughout the afternoon, said she committed fraud, conspiracy to commit fraud and money laundering along with Bankman-Fried and others.
• Asked by a prosecutor about Bankman-Fried’s involvement, she said: “He directed me to commit these crimes.”
• She described him as “very ambitious” and envisioning eventually leading huge companies and using his money influentially. He even thought there was a 5% chance he’d become president someday, Ellison said.

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