The trial against Sam Bankman-Fried, the former CEO of FTX, has begun this week, and revelations from former colleagues are shedding light on his political ambition. Caroline Ellison, a witness, claimed that Bankman-Fried intended to become president of the United States.
According to Ellison, he described himself as the leader of several large companies and had ambitions to use his wealth and influence in politics. He said Bankman-Fried believed there was a 5% chance he would one day become president.
This revelation could relate to previous reports about an attempted bribery of Donald Trump by FTX and Bankman-Fried. Bankman-Fried reportedly considered paying $5 billion to Trump to withdraw from the presidential election.
However, it is not clear where the $5 billion would come from or whether the negotiations with Trump were successful.
The story reflects an absurd episode at the height of the Bankman-Fried empire and sheds shocking light on their political ambitions.
Ellison's testimony and allegations of bribery to Trump raise questions about the ethics and integrity of Bankman-Fried and her company FTX.
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