The Stunning Revelations From Caroline Ellison’s Second Day on the Stand

News Snapshot:

Folks, it’s Wednesday afternoon, and the vibes at the Southern District of New York are nothing less than scandalous. The second day of the much-hyped testimony from former Sam Bankman-Fried partner/direct report/confidante Caroline Ellison is, so far, even more stunning than what she revealed on Tuesday. This round, we’ve ventured beyond the glitz of American finance and Bahamian luxury into the thick of foreign-bribery allegations. To be very clear, as Judge Lewis A. Kaplan stated outright, Sam Bankman-Fried himself is not facing charges to that effect in this trial; the focus is on his alleged fraud and domestic conspiracies. That...