Caroline Ellison, the former cryptocurrency executive and ex-girlfriend of Sam Bankman-Fried, has been quietly moved out of federal lockup after serving roughly 11 months of her two-year prison sentence, Business Insider has learned.
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Ellison reported to the low-security Danbury prison in early November 2024 to serve a two-year sentence she received for her role in the massive multibillion-dollar fraud scheme that led to the collapse of Bankman-Fried’s business empire.
She had pleaded guilty to conspiring with Bankman-Fried — the founder of the FTX crypto exchange and its sister company, Alameda Research — in the $11 billion fraud scheme.
Ellison served as the star witness in Bankman-Fried’s 2023 criminal trial, testifying that the pair used Alameda to invest billions of dollars’ worth of assets secretly siphoned from FTX customers.