Ex-Alameda CEO won’t be spending the holidays in federal prison
Caroline Ellison, former CEO of Alameda Research, has been moved from federal prison to a residential reentry management office in New York City.Summary
Caroline Ellison, the ex-CEO of Alameda Research who pleaded guilty to charges related to the FTX collapse, has been transferred from FCI Danbury in Connecticut to a Residential Reentry Management field office in New York City. She received a two-year sentence, lighter than Sam Bankman-Fried’s 25-year sentence, and is now scheduled for release on February 20th, approximately nine months ahead of her initial term. The reason for her transfer and early release remains unclear. Ellison testified against Bankman-Fried during his trial, attributing the misuse of FTX user funds to him. She faced significant public scrutiny and criticism following the exchange’s downfall, and her story will be further explored in an upcoming Netflix series, “The Altruists.”
(Source：Cointelegraph)