Did SBF Bet on a Presidential Run? Caroline Ellison Testifies About FTX CEO\'s Ambitions
The trial of FTX founder Sam Bankman-Fried (SBF) has revealed intriguing details about his ambitions, including a surprising claim about a potential future in politics. According to testimony from his ex-girlfriend and former Alameda Research CEO, Caroline Ellison, SBF aspired to one day become president of the United States.
Caroline Ellison\'s Testimony: SBF\'s 5% Chance of Becoming President
Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of SBF, testified at the SBF trial on Tuesday. Her testimony shed light on Bankman-Fried\'s mindset and decision-making processes. According to her, SBF used to think that he had a 5% chance of one day holding the highest office in the land. Testifying at a federal court in New York, Ellison reportedly said Bankman-Fried was very ambitious and that he thought there was a 5 percent chance he would become president. This detail emerged amidst a barrage of allegations against SBF, painting a picture of a complex and driven individual.
The judge even cited how Bankman-Fried had once said that there was a 5% chance of him becoming president someday, behaviour that Kaplan said was on full display. Ellison testified that Bankman-Fried thought there was a 5 percent chance he would become president, according to ABC News. She was also quoted by ABC News as elaborating on SBF\'s overall philosophy.
SBF\'s Utilitarian Beliefs and Political Aspirations
Caroline Ellison, the former CEO of failed hedge fund Alameda Research and ex-girlfriend Bankman-Fried, took the stand Tuesday in a Manhattan trial which could land FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most. This philosophy, combined with his perceived "5 odds" (5% chance) of becoming president, offers a glimpse into SBF\'s long-term vision and potentially explains some of the actions that led to the downfall of FTX.
The revelations from the trial continue to unfold, providing a deeper understanding of the man behind the FTX collapse and his surprisingly ambitious goals.