<\/p>\n
Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam \u201cSBF\u201d Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.<\/p>\n
According to reports from SBF\u2019s criminal trial on Oct. 16, Singh said<\/a> while Caroline Ellison and Sam Trabucco led Alameda, Bankman-Fried was \u201cultimately\u201d in charge of the company. The former engineering director reportedly testified that \u201cSBF would unilaterally spend Alameda’s money\u201d despite his supposedly separate role at FTX, also threatening to fire Ellison.<\/p>\n \u201cI learned of spending [at Alameda] after the fact,\u201d said Singh according to reports. \u201dI’d complain about the excess and flashiness which I found different than what we were building the company for. [SBF would] say I didn’t understand, he was out there interacting with people. I thought we were fleeced for $20 million, he said I was sowing doubt.\u201d<\/p>\n Singh added:<\/p>\n \u201cSam is a formidable character. I came to distrust him.\u201d<\/p><\/blockquote>\n The former engineering director reportedly cited investments in artificial intelligence startup Anthropic and K5 Global, the investment firm linked to high profile figures including former United States Secretary of State Hillary Clinton and Hollywood celebrities. According to Singh, SBF ordered him and former chief technology officer Gary Wang to go ahead with a $1-billion investment in K5 Global co-owners Michael Kives and Bryan Baum\u2019s venture capital firm.<\/p>\n \u201cI asked that it be done with Sam’s money and not FTX’s money,\u201d said Singh according to reports.<\/p>\n Subscribe to our \u20181 Minute Letter\u2019 NOW for daily deep-dives straight to your inbox! \u2696\ufe0f Be the first to know every twist and turn in the Sam Bankman-Fried case! Subscribe now: https:\/\/t.co\/jQOIYUv6IW #SBF<\/a> pic.twitter.com\/gp7zJu5sgy<\/a><\/p>\n\n