Caroline Ellison, the on-again-off-again girlfriend of convicted fraudster Sam Bankman-Fried who headed his crypto hedge fund Alameda Analysis earlier than testifying in opposition to him, has been quietly moved out of federal jail after serving about 11 months of her two-year sentence, in response to Enterprise Insider.
Ellison, 31, was transferred on Oct. 16 from the low-security Danbury Federal Correctional Establishment in Connecticut to group confinement, a Federal Bureau of Prisons spokesperson informed Enterprise Insider.
Ellison, who wrote express, now-deleted weblog posts about polyamory, sexual fantasies and her views on energy and finance that resurfaced within the days following the collapse of FTX and Alameda, stays in federal custody.
She is now both remanded to dwelling confinement or residing in a midway home, BOP spokesperson Randilee Giamusso stated. A BOP rep confirmed Ellison’s switch in an emailed assertion to The Publish.
The company declined to offer particulars, citing privateness and safety issues.
Ellison’s lawyer declined to remark.
On-line jail data listing Ellison’s projected launch date as Feb. 20, 2026 — practically 9 months sooner than her authentic sentence would counsel.
Ellison reported to Danbury in early November 2024 after being sentenced to 2 years in jail for her function within the sprawling multibillion-dollar fraud that introduced down Bankman-Fried’s crypto empire.
She pleaded responsible in December 2022 to seven prison counts, together with fraud and conspiracy, for her function in an $11 billion scheme that siphoned buyer funds from the FTX cryptocurrency change to prop up Alameda Analysis.
Ellison was accused of conspiring to assist Bankman-Fried orchestrate the key switch of billions of {dollars} in FTX buyer cash to Alameda, which then used the funds to cowl mounting losses and make dangerous bets.
Ellison additionally admitted to creating false stability sheets that had been proven to lenders to hide Alameda’s true monetary situation.
Her cooperation made her the federal government’s most necessary witness at Bankman-Fried’s trial.
At Ellison’s sentencing listening to in September 2024, US District Decide Lewis Kaplan praised her “substantial” cooperation with prosecutors however stated the seriousness of the crimes required jail time.
Ellison’s attorneys had urged Kaplan to spare her incarceration altogether, arguing that her cooperation was extraordinary and important to the case.
Kaplan rejected that request, calling it a “literal get-out-of-jail-free card.”
The decide finally imposed a two-year jail sentence — far under what she might have confronted with out cooperation, however nonetheless a custodial time period.
Ellison’s transfer to group confinement comes as different cooperating FTX insiders have already averted further jail time.
Gary Wang, FTX’s co-founder and chief know-how officer, and Nishad Singh, the corporate’s former head of engineering, each pleaded responsible and cooperated extensively with the federal government.
Every was sentenced to time served.
Ryan Salame, a former FTX government who didn’t cooperate, obtained a 7.5-year jail sentence.
In March of final 12 months, Bankman-Fried was sentenced by Kaplan to 25 years in jail after being discovered responsible on all counts.
The disgraced FTX founder is at the moment incarcerated at a low-security federal jail in San Pedro, Calif., whereas he appeals his conviction and sentence.
