Caroline Ellison’s list of ‘Things Sam Is Freaking Out About’ could be used in trial
Prosecutors intend to use personal notes and diary entries from former Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial.
In an Aug. 14 filing, prosecutors said they would bring forward a collection of Ellison’s personal to-do lists and notes, including one titled “Things Sam is Freaking Out About.”
The note summarizes conversations between Bankman-Fried and Ellison over his business concerns, fundraising, Alameda’s trading hedges and bad press about the hedge fund and FTX’s ties.
Other entries provide key insights into the day-to-day running of what prosecutors allege were fraudulent operations at FTX.
The trove of evidence includes a recording of Ellison taken from an all-hands meeting on Nov. 9, 2022 — two days before FTX and Alameda filed for bankruptcy.
In a meeting, an Alameda employee reportedly asked Ellison who else had been aware of the shortfall in FTX user funds, to which Ellison answered: “Yeah, I mean, I guess I talked about it with, like, Sam, Nishad and Gary.”
Gary Wang is a co-founder of FTX, while Nishad Singh was the exchange’s director of engineering. Both have pleaded guilty to fraud charges and are reportedly cooperating with prosecutors.
An employee pressed Ellisonon who made the decision to using FTXuser deposits to which Ellison reportedly answered:
Notably, the prosecution explained the horde of evidence including Ellison’s other diaries and personal notes doesn't constitute hearsay as Ellison took notes to memorialize information and help carry out her role in the conspiracy.
Related: Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
The prosecution also added that evidence concerning Bankman-Fried’s
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