FTX insider Caroline Ellison has been moved out of prison
3 days ago
- #legal
- #cryptocurrency
- #fraud
- Caroline Ellison, former Alameda Research CEO, moved from federal prison to community confinement after serving 11 months of her two-year sentence.
- Ellison was transferred to community confinement on October 16, 2024, meaning she is either in home confinement or a halfway house.
- She served as the star witness in Sam Bankman-Fried's trial, testifying about the $11 billion fraud scheme involving FTX and Alameda Research.
- Judge Lewis Kaplan acknowledged Ellison's cooperation but insisted on prison time due to the severity of the case.
- Ellison expressed regret during her sentencing, acknowledging the harm caused by her actions.
- Sam Bankman-Fried was sentenced to 25 years in prison and is appealing his conviction while incarcerated in California.