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Former Alameda CEO Caroline Ellison Released From Prison
Ellison served 440 days of a two-year sentence for fraud and conspiracy, cooperating with prosecutors and testifying against former FTX CEO Sam Bankman-Fried.
- On Wednesday, Caroline Ellison, former chief executive of Alameda Research, is leaving a residential reentry management facility in New York after serving part of a two-year sentence.
- Caroline Ellison pled guilty in December 2022 to multiple fraud and conspiracy counts following FTX's collapse and her role leading Alameda Research trading firm.
- Prosecutors say Alameda Research had access to customer deposits via an unlimited line of credit and a bank account `fiat@`, and Sam Bankman‑Fried received a nearly 25‑year sentence and $11 billion ordered repayment.
- Ellison has been in community confinement after a transfer from a federal prison in Connecticut, using a residential reentry management facility, while the Securities and Exchange Commission last month sought to bar her, Gary Wang, and Nishad Singh from public company leadership roles.
- The broader fallout includes pardon efforts and courtroom testimony, as in recent months Sam Bankman-Fried has been angling for a presidential pardon and Caroline Ellison told the court he directed her actions.
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