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Testimony References
Caroline Ellison's admitted testimony describing venture investments as risky and addressing the defendant's knowledge and the use of funds
Ellison had described venture investments as risky, and the defense sought to question her about a portfolio approach to venture investing. The prosecution said her admitted testimony concerned the defendant's knowledge, her state of mind, and discussions about money tied up in illiquid investments.
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The court barred the defense from pursuing its proposed portfolio-investing theory through Ellison's cross-examination under the presentation then before it, while leaving open a possible later proffer involving another witness.