Additional Coverage:
- FTX scammer Caroline Ellison has already had nearly 4 months shaved from her scheduled release from prison (newsbreak.com)
Caroline Ellison, the former executive of FTX, has seen her prison release date moved up. She began her two-year sentence for her involvement in the $11 billion fraud scheme earlier this month.
Prison records now show that Ellison’s release date is set for July 2026, three months earlier than her initial sentence. This is likely due to good behavior, as federal law allows for incarcerated individuals to earn time off their sentences.
Ellison served as the star witness in the trial of her ex-boyfriend, Sam Bankman-Fried, the founder of FTX and Alameda Research. She testified about how they used Alameda to invest customer funds from FTX without their knowledge.
During her sentencing hearing, Ellison expressed remorse for her actions and apologized to those she had harmed. However, the judge stated that her cooperation with the prosecution did not warrant a complete exemption from prison time.
Bankman-Fried, meanwhile, was sentenced to 25 years in prison in March for his role in the fraud scheme. He remains behind bars at the Metropolitan Detention Center in Brooklyn while appealing his conviction.