Brendan McDermid/Reuters
- Caroline Ellison resumed testifying against Sam Bankman-Fried on Wednesday.
- Bankman-Fried directed Ellison to find "alternative ways" to present troubling finances to lenders.
- Ellison said she lived in a "constant state of dread," afraid of people finding out.
"Sam told me to."
That was the common response from Caroline Ellison, the former CEO of Alameda Research, who continued her testimony against Sam Bankman-Fried in Manhattan federal court on Wednesday.
In addition to being her boss, Bankman-Fried, the CEO of FTX and the owner of Alameda, FTX's sister company, was also Ellison's on-again-off-again boyfriend. He directed her repeatedly to deceive Alameda's lenders into believing both companies were better off than they really were, Ellison testified.