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Home / Crime and Justice / Crypto Fraudster Caroline Ellison Moves to Community Confinement

Crypto Fraudster Caroline Ellison Moves to Community Confinement

17 Dec

•

Summary

  • Former Alameda CEO Caroline Ellison moved to community confinement.
  • Ellison served nearly 11 months of her two-year sentence.
  • She was a key witness in Sam Bankman-Fried's fraud trial.
Crypto Fraudster Caroline Ellison Moves to Community Confinement

Caroline Ellison, the former CEO of Alameda Research, has been transferred from federal prison to community confinement after serving approximately 11 months of her two-year sentence. The move means she is now under home confinement or in a halfway house, remaining in federal custody.

Ellison, who was a key figure in the multibillion-dollar fraud scheme orchestrated by Sam Bankman-Fried, pleaded guilty and testified as the star witness in Bankman-Fried's trial. She detailed how Alameda Research was used to invest billions in assets secretly taken from FTX customers.

Her early release comes as Bankman-Fried, founder of FTX and Alameda Research, serves his 25-year sentence while appealing his conviction. Ellison's projected release date is February 20, 2026, nearly nine months earlier than initially scheduled.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Caroline Ellison has been moved to community confinement, meaning she is in either home confinement or a halfway house.
Ellison was serving a two-year sentence for her role in the $11 billion fraud scheme involving FTX and Alameda Research.
Ellison was the star witness against Sam Bankman-Fried, testifying about the fraudulent activities within FTX and Alameda Research.

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