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Former Alameda Research CEO Caroline Ellison has been moved out of prison less than halfway through her two-year sentence, according to Business Insider.
The former chief of the FTX sister trading company and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried was moved out of the Danbury Federal Correctional Institution in Connecticut to community confinement on Oct. 16, BI reported on Dec. 16, citing a Federal Bureau of Prisons spokesperson.
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Ellison remains in federal custody but is now either in home detention or in a halfway house, BOP spokesperson Randilee Giamusso was quoted as saying.
Giamusso, however, reportedly declined to comment on the reason for Ellison’s transfer.
The BOP did not immediately respond to a request for comment from Benzinga.
Ellison pleaded guilty in December 2022 to conspiracy and fraud charges for her role in FTX’s collapse and testified against Bankman-Fried’s 2023 trial. She described how Alameda used FTX customer deposits to stay afloat, which was instrumental to Bankman-Fried’s conviction.
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Ellison’s lawyers sought to get her no jail time in exchange for her cooperation but failed. She was sentenced to two years in prison in September 2024. She reported to prison in November 2024 to begin her sentence, but online records now indicate she will be released next month, about nine months early.
Bankman-Fried was sentenced to 25 years in prison and is appealing the ruling.
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This article FTX’s Caroline Ellison Moved Out Of Prison Less Than 11 Months Into Sentence: What’s Going On? originally appeared on Benzinga.com
