Caroline Ellison Transferred from Prison Quietly, FTX Insider Update
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, has been quietly relocated from prison. After serving around 11 months of her two-year sentence, she was transferred from the Danbury Federal Correctional Institution in Connecticut to a form of community confinement on October 16.
Transfer Details
The move was confirmed by a spokesperson from the Federal Bureau of Prisons. Ellison remains in federal custody but is now either in home confinement or in a halfway house, according to BOP spokesperson Randilee Giamusso. For privacy and security reasons, specific details about her current confinement location have not been disclosed.
Projected Release Date
Prison records indicate that Ellison’s projected release date is February 20, 2026, which is nearly nine months earlier than initially expected. Her attorneys chose not to comment on the transfer or her current circumstances.
Background on Ellison and FTX
Ellison was sentenced for her involvement in a significant fraud scheme linked to the collapse of FTX, the cryptocurrency exchange founded by Bankman-Fried. She pleaded guilty to conspiring with him in a fraud plan that resulted in losses exceeding $11 billion.
- Role in the Scheme: Ellison served as a key witness during Bankman-Fried’s criminal trial.
- Testimony: She testified that they used Alameda Research to secretly invest customer funds from FTX.
- Judge’s Remarks:US District Judge Lewis Kaplan commended her cooperation but enforced a prison term due to the case’s seriousness.
Sentencing and Reactions
At her sentencing, Ellison expressed remorse, stating, “On some level, my brain doesn’t even comprehend all the people I harmed.” Her attempt to avoid prison time was rejected by Judge Kaplan, who noted the gravity of the situation required incarceration.
In contrast, Bankman-Fried was sentenced to 25 years in prison after being found guilty on all counts of fraud and conspiracy. He is currently serving his sentence at a low-security federal facility in San Pedro, California, as he appeals his conviction and sentence.
Conclusion
The ongoing developments in the FTX case continue to attract significant public and legal scrutiny. Caroline Ellison’s transfer marks yet another chapter in this high-profile legal saga.
