FTX's Caroline Ellison Moved Out Of Prison Less Than 11 Months Into Sentence: What's Going On?

The erstwhile main of the FTX sister trading institution and ex-girlfriend of disgraced FTX laminitis Sam Bankman-Fried was moved retired of the Danbury Federal Correctional Institution successful Connecticut to assemblage confinement connected Oct. 16, BI reported connected Dec. 16, citing a Federal Bureau of Prisons spokesperson.

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Ellison remains successful national custody but is present either successful location detention oregon successful a halfway house, BOP spokesperson Randilee Giamusso was quoted arsenic saying.

Giamusso, however, reportedly declined to remark connected the crushed for Ellison’s transfer.

The BOP did not instantly respond to a petition for remark from Benzinga.

Ellison pleaded blameworthy successful December 2022 to conspiracy and fraud charges for her relation successful FTX’s illness and testified against Bankman-Fried’s 2023 trial. She described however Alameda utilized FTX lawsuit deposits to enactment afloat, which was instrumental to Bankman-Fried’s conviction.

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Ellison’s lawyers sought to get her nary jailhouse clip successful speech for her practice but failed. She was sentenced to 2 years successful situation successful September 2024. She reported to situation successful November 2024 to statesman her sentence, but online records present bespeak she volition beryllium released adjacent month, astir 9 months early.

Bankman-Fried was sentenced to 25 years successful situation and is appealing the ruling.

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This nonfiction FTX's Caroline Ellison Moved Out Of Prison Less Than 11 Months Into Sentence: What's Going On? primitively appeared connected Benzinga.com