Ryan Salame

FederalFederal Criminal TrialOct 3, 2023 – Nov 2, 2023

Trial witnesses identified Ryan Salame as an FTX executive tied to fiat and settlement operations, North Dimension, Alameda transfers, political-donation processing, and other financial activity examined through testimony and bank records.

Day 3

Oct 5, 2023

DirectAdam Yedidia — DirectAdam YedidiaDanielle R. SassoonMentioned

Summary

Adam Yedidia explained how Alameda received and tracked FTX customer fiat deposits, testified that a corrected code bug revealed an approximately $8 billion liability, and described Bankman-Fried's knowledge, Signal auto-deletion policy, and response to concerns about the debt.

Mentioned in this proceeding.

Day 5

Oct 10, 2023

DirectCaroline Ellison — DirectCaroline EllisonDanielle R. SassoonMentioned

Summary

Caroline Ellison admitted crimes involving FTX customers and Alameda lenders, attributed major decisions to Sam, and used contemporaneous records to explain Alameda's special access to customer assets, lender balance sheets, FTT practices, and investment risks.

Mentioned in this proceeding.

Day 6

Oct 11, 2023

DirectCaroline Ellison — DirectCaroline EllisonDanielle R. SassoonMentioned

Summary

Ellison testified that Alameda repaid recalled loans with FTX customer assets, concealed customer borrowing in lender balance sheets selected by Sam, and used disappearing communications; she also described qualified, contested testimony about payments made during efforts to unfreeze exchange accounts.

Mentioned in this proceeding.

DirectCaroline Ellison — Direct ResumedCaroline EllisonDanielle R. SassoonMentioned

Summary

Ellison used internal records and public statements to describe concealment of Alameda's use of FTX customer funds, misleading crisis messaging, an internal multibillion-dollar shortfall, and her guilty pleas and cooperation incentive.

Mentioned in this proceeding.

Day 7

Oct 12, 2023

CrossCaroline Ellison — CrossCaroline EllisonMark S. CohenMentioned

Summary

Ellison's cross-examination tested her cooperation incentive, credibility, and responsibility for Alameda while she reaffirmed concerns about undisclosed customer-fund borrowing, lender balance sheets, accounting failures, and the November 2022 wind-down.

Mentioned in this proceeding.

CrossChristian Drappi — CrossChristian DrappiChristian R. EverdellMentioned

Summary

Cross-examination limited Drappi's knowledge of Bankman-Fried's pointer use, identified other possible users, narrowed the audience and tone of Caroline's November remarks, and ended with admission and playback of Defense Exhibit 415B.

Mentioned in this proceeding.

Day 9

Oct 16, 2023

DirectNishad Singh — DirectNishad SinghNicolas RoosMentioned

Summary

Nishad Singh admitted his own crimes and described Alameda's special account privileges, the multibillion-dollar customer-fund shortfall, backdated financial entries, political donations made in his name, and public assurances during FTX's November 2022 collapse.

Mentioned in this proceeding.

Day 10

Oct 17, 2023

CrossNishad Singh — CrossNishad SinghMark S. CohenMentioned

Summary

Defense counsel tested Nishad Singh's memory and responsibility while examining the $8 billion fiat@ftx bug, Alameda's code privileges, backdated Serum payments, and the funding and approval of political donations.

Mentioned in this proceeding.

RedirectNishad Singh — RedirectNishad SinghNicolas RoosMentioned

Summary

Nishad Singh clarified the provenance of prosecutor notes, his house forfeiture, an auto-deleveraging code commit, paper-only loan arrangements, political-donation transfers, and why he considered resigning in fall 2022.

Mentioned in this proceeding.

Day 11

Oct 18, 2023

DirectPeter Douglas Easton — DirectPeter Douglas EastonNicolas RoosMentioned

Summary

Accounting expert Peter Douglas Easton quantified fiat and cryptocurrency shortfalls, traced selected customer funds through Alameda and FTX accounts to investments and other expenditures, and testified that spot-margin borrowing could not explain Alameda's negative balance.

Mentioned in this proceeding.

CrossPeter Douglas Easton — CrossPeter Douglas EastonDavid F. LisnerMentioned

Summary

The defense challenged Easton's account selection and tracing assumptions, eliciting concessions about scope-dependent balance figures, uncertainty over Genesis payments, and an FTX liability included in an Alameda balance chart.

Mentioned in this proceeding.

DirectPaige Owens — DirectPaige OwensThane RehnMentioned

Summary

FBI forensic accountant Paige Owens explained government-prepared charts tracing funds from Alameda Research, FTX Digital Markets, and North Dimension accounts through accounts associated with Samuel Bankman-Fried, Nishad Singh, and Ryan Salame to political contributions.

Mentioned in this proceeding.

CrossPaige Owens — CrossPaige OwensChristian R. EverdellMentioned

Summary

Owens acknowledged that fund-tracing results depend on the chosen accounting method, attributed the identified VIEW PAC payment to Heller & Robbins after reviewing bank statements, and confirmed that she did not analyze the origin of funds entering Alameda or North Dimension accounts.

Mentioned in this proceeding.

RedirectPaige Owens — RedirectPaige OwensThane RehnMentioned

Summary

Owens used Government Exhibit 1089 to identify selected incoming and outgoing wires occurring on the same dates, while the court sustained one form objection and overruled another.

Mentioned in this proceeding.

Day 12

Oct 19, 2023

DirectCan Sun — DirectCan SunDanielle R. SassoonMentioned

Summary

FTX general counsel Can Sun testified about customer-asset protections, Alameda's special account treatment, documented founder loans, and his November 7 conclusion that no legal justification supported the missing customer funds.

Mentioned in this proceeding.

Day 14

Oct 26, 2023

ProceduralGovernment Rest, Rule 29, and Defense-Case PreparationKrystal RolleMentioned

Summary

The government rested, the court denied the defense's Rule 29 motion, reviewed redacted materials for Krystal Rolle, and began the defense case with Rolle's testimony.

Mentioned in this proceeding.

Day 15

Oct 27, 2023

DirectSamuel Bankman-Fried — DirectSamuel Bankman-FriedMark S. CohenMentioned

Summary

Bankman-Fried denied fraud but admitted major risk-management failures, explained Alameda's borrowing and customer-deposit roles, described discovering the $8 billion fiat@FTX liability, and blamed unhedged market exposure for Alameda's deterioration.

Mentioned in this proceeding.

Day 16

Oct 30, 2023

CrossSamuel Bankman-Fried — CrossSamuel Bankman-FriedDanielle R. SassoonMentioned

Summary

Prosecutors used Bankman-Fried's public statements, private messages, account records, and spreadsheets to challenge his claimed separation from Alameda and establish his knowledge of its exceptional credit, liquidation treatment, investment risks, and undisclosed advantages.

Mentioned in this proceeding.

Day 17

Oct 31, 2023

CrossSamuel Bankman-Fried — CrossSamuel Bankman-FriedDanielle R. SassoonMentioned

Summary

Prosecutors used emails, chats, balance sheets, and public statements to challenge Bankman-Fried's account of Alameda's use of customer deposits, his delayed inquiry into the fiat@ liability, preferential Bahamian withdrawals, and FTX's November liquidity assurances.

Mentioned in this proceeding.

RedirectSamuel Bankman-Fried — RedirectSamuel Bankman-FriedMark S. CohenMentioned

Summary

Bankman-Fried contextualized his database work, margin and disclosure views, post-collapse statements, and congressional testimony while admitting personal error in the MobileCoin episode and broader risk-management shortcomings.

Mentioned in this proceeding.

Charge ConferenceCharge ConferenceMentioned

Summary

The court resolved extensive disputes over the final jury charge and, after reconvening, ruled that the misappropriation theory would require proof of a false statement.

Mentioned in this proceeding.

Day 18

Nov 1, 2023

ClosingGovernment Closing Argument — Nicolas RoosNicolas RoosMentioned

Summary

Nicolas Roos argued that Bankman-Fried knowingly used FTX customer assets through Alameda, concealed the resulting shortfall, misled customers, lenders, and investors, and was guilty on all seven charges.

Mentioned in this proceeding.

About

Trial Record (22)

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