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:
“Um . . . Sam, I guess.”
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.
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The prosecution also added that evidence concerning Bankman-Fried’s other alleged activities should also be admitted.
This includes allegedly falsified statements to an unnamed bank, the bribery of Chinese officials concerning frozen Alameda accounts, the manipulation of the exchange’s native FTX token (FTT) as well as selective prioritization of payments to creditors.
Bankman-Fried’s lawyers responded to the prosecution’s motion in an Aug. 14 filing where they moved to exclude any evidence procured after July 1.
They argued prosecutors failed to produce specific information in a timely manner, including the contents of Wang’s laptop and Ellison’s encrypted Telegram chats. The defense claimed these delays had prevented them from adequately preparing for trial.
Bankman-Fried currently awaits his October trial in Brooklyn’s Metropolitan Detention Centre after the court revoked his bail over allegations he leaked some of Ellison’s diary entries to The New York Times.
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The UK has re-established diplomatic ties with Syria, David Lammy has said, as he made the first visit to the country by a British minister for 14 years.
The foreign secretary visited Damascus and met with interim president Ahmed al Sharaa, also the leader of the rebel group Hayat Tahrir al-Sham (HTS), and foreign minister Asaad al Shaibani.
It marks the latest diplomatic move since Bashar al Assad’s regime was toppled by rebel groups led by HTS in December.
In a statement, Mr Lammy said a “stable Syria is in the UK’s interests” and added: “I’ve seen first-hand the remarkable progress Syrians have made in rebuilding their lives and their country.
“After over a decade of conflict, there is renewed hope for the Syrian people.
“The UK is re-establishing diplomatic relations because it is in our interests to support the new government to deliver their commitment to build a stable, more secure and prosperous future for all Syrians.”
Foreign Secretary David Lammy with Syria’s interim president Ahmed al Sharaa in Damascus. Pic: X / @DavidLammy
The Foreign, Commonwealth and Development Office has also announced a £94.5m support package for urgent humanitarian aid and to support the country’s long-term recovery, after a number of British sanctions against the country were lifted in April.
While HTS is still classified as a proscribed terror group, Sir Keir Starmer said last year that it could be removed from the list.
The Syrian president’s office also said on Saturday that the president and Mr Lammy discussed co-operation, as well as the latest developments in the Middle East.
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Since Assad fled Syria in December, a transitional government headed by Mr al Sharaa was announced in March and a number of western countries have restored ties.
In May, US President Donald Trump said the United States would lift long-standing sanctions on Syria and normalise relations during a speech at the US-Saudi investment conference.
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From May: Trump says US will end sanctions for Syria
He said he wanted to give the country “a chance at peace” and added: “There is a new government that will hopefully succeed.
“I say good luck, Syria. Show us something special.”
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