"Caroline Ellison, the former cryptocurrency executive and ex-girlfriend of Sam Bankman-Fried, is now a free woman. Ellison, 32, was officially released from the custody of the Federal Bureau of Prisons on Wednesday after about 14 months, a BOP spokesperson told Business Insider on Thursday. BOP spokesperson Donald Murphy said Thursday that Ellison was released Wednesday from what's known as community confinement, which means home confinement or a halfway house."
"Ellison was sentenced to two years in prison in September 2024 after she pleaded guilty to conspiring with FTX founder Bankman-Fried in an $11 billion fraud scheme. The sentence also included three years of supervised release after prison time. She was the CEO of Alameda Research, a trading firm founded by Bankman-Fried that helped FTX siphon money off of customers. Ellison was the star witness in Bankman-Fried's 2023 criminal trial."
Caroline Ellison, 32, was released from Federal Bureau of Prisons custody after about 14 months and placed in community confinement, which includes home confinement or a halfway house. She had been moved from a Connecticut prison to community confinement in October after serving roughly 11 months of a two-year sentence. Ellison pleaded guilty to conspiring with FTX founder Sam Bankman-Fried in an $11 billion fraud scheme and received two years in prison plus three years of supervised release. She served as CEO of Alameda Research and was the star witness in Bankman-Fried’s 2023 criminal trial. US District Judge Lewis Kaplan noted her substantial cooperation and remorse but imposed prison time because of the fraud’s scale. Attorneys declined to comment and Ellison’s projected release date was moved up.
Read at Business Insider
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