Former Alameda CEO Caroline Ellison’s prison release date has been moved to July 2026, following her role in the FTX cryptocurrency scandal.
Due to the FTX collapse, SBF is serving a 25-year prison sentence.
According to Federal Bureau of Prisons records obtained by Business Insider this week, Caroline Ellison, the former CEO of Alameda Research, has been given an earlier release date from prison, just three weeks after the former girlfriend of FTX founder Sam Bankman-Fried reported to jail for her involvement in the multibillion-dollar cryptocurrency scandal.
Caroline Ellison, CEO of Alameda Research, Has Her Prison Release Postponed
Judge Lewis A. Kaplan sentenced Ellison, presently detained at the Danbury Federal Correctional Institution in Connecticut, to two years in prison on September 24.
However, according to documents examined by Business Insider, Ellison’s incarceration is scheduled to end on July 20, 2026, which is only a year and seven months after her start date.
Although it is unverified, it is possible that the former CEO of Almada Research benefited from sentencing reduction when she was housed in the federal correctional facility.
Associates of Sam Bankman-Fried Avoid Jail Time
Ellison’s reduced sentence comes after two other former Bankman-Fried coworkers were recently sentenced for crimes related to their involvement in digital asset fraud.
Gary Wang, the former chief technology officer of FTX, and Nishad Singh, the head of engineering, were both spared prison time after being sentenced to time served and ordered to pay a multi-billion dollar penalty this fall for their roles in the fraud scheme that defrauded investors of the doomed cryptocurrency exchange out of over $8 billion.
During Bankman-Fried’s historic October 2023 trial, Wang, Singh, and Ellison all provided testimony against their former employer; Ellison was primarily regarded as the prosecution’s most prominent witness.
Last November, the creator of FTX was found guilty on all counts and given a 25-year prison term.
In the meantime, Ryan Salame, the former CEO of FTX Digital Markets, is serving seven years in a federal facility in Cumberland, Maryland, following his guilty plea in May to campaign finance violations and running an unregistered money transmitter firm. He declined to provide evidence against Bankman-Fried.
While in charge of the cryptocurrency exchange’s Bahamian subsidiary, Salame was accused by U.S. prosecutors of running a straw donor scheme to assist his partner, Michelle Bond, who was then a congressional candidate.
Since then, Bond has been charged with a crime related to the incident, and Salame has accused U.S. prosecutors of deceitfully pledging not to look into his child’s mother if he enters a guilty plea.
In a recent interview, Salame told journalist Tucker Carlson, “The government hands get out of jail free cards if you parrot the narrative they want, and everyone who would provide any counterpoint is frightened.”
