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FTX insider Caroline Ellison has been moved out of prison

businessinsider.com

63 points by harambae a month ago · 51 comments

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andrewinardeer a month ago

Is it deliberate that I've never seen a media outlet publish a flattering photo of her?

That said, when the movie is inevitably released they'll probably cast Scarlett Johansson or Cailee Spaeny as her.

dhruv3006 a month ago

So you can always get away with fraud?

  • btilly a month ago

    She's still serving her sentence. Just not in prison.

    As for why it is so short, that's her reward for helping them get SBF.

    • latchkey a month ago

      What's amazing is that they needed her help.

      • eightman a month ago

        There's a reason SBF was arrested and tried within a year while other complex financial fraud cases take years to get a conviction.

        • latchkey a month ago

          Dec 11, 2008: Madoff arrested; scheme revealed.

          March 12, 2009: Madoff pleads guilty to 11 federal felonies.

          June 29, 2009: Sentenced to 150 years in prison and ordered to forfeit $17.179 billion.

          • bdcravens a month ago

            In Madoff's case, he confessed to his sons. So again, this was a case of an insider having the goods, not the result of a speedy investigation.

          • sidewndr46 a month ago

            Your timeline is correct, but once Madoff was confronted he just confessed and everything moved forward.

          • eightman a month ago

            I mean yeah Madoff confessed and made the case open and shut.

            SBF entered a Not Guilty plea but Ellison for all intents and purposes entered a Guilty plea on his behalf with her co-operation.

            • latchkey a month ago

              She also had no choice, as SBF was blaming her. The point being that they still didn't really need her help. It was obvious that he committed fraud, and there was plenty of proof of it.

        • bfg_9k a month ago

          I mean, the guy was constantly high on nootropics and they had no idea what actual investments FTX made. I'd imagine most of the time was just spent untangling that web, his case was more or less a slam dunk.

  • giacomoforte a month ago

    The interesting question is, will her career/business ventures suffer from here onwards?

    • cosmicgadget a month ago

      Hopefully people recognize that while SBF lost a bunch of money on one poor investment (her), Ellison lost a bunch of money on many poor investments.

      She's probably doomed in traditional investment circles but there's always crypto!

  • tedd4u a month ago

    Curious how much of her ill-gotten gains she will keep.

pseingatl a month ago

It's hard to keep up a skin care routine in the can.

whatsupdog a month ago

From being one of the richest men, to being sold to a lifetime of prison by your mid gf. What a wild ride!

  • seec a month ago

    There is no honor among thieves, and there is even less honor in women who often turn out to be legal thieves.

    That should be a warning to any man, but of course that's not politically correct to say.

    • whatsupdog a month ago

      Honour evolved from the tendency to stay within a group. When you are in a group, your chances of survival increase. But in a group you also have to stand up for you comrades - leading to a feeling of honour. Women just end up with the winning team. It's much easier for a woman to ditch a losing group and join the winning one. That's why honour has not evolved in women as opposed to men.

      • seec a month ago

        Yes, I entirely agree. Even without being part of a group, women will support you as long as you are winning or at least appear to be winning. But the moment your position becomes precarious, they'll just leave.

        There are evolutionary reasons for that: women can't side with someone who won't be able to defend them since they don't have the strength to defend themselves. But nowadays you can't say that because of feminism and identity politics.

        That's just how things are, and why I think men should always be careful about the trust they put in women around them. They are much more likely to throw you under the bus than even a man who dislikes you.

easyThrowaway a month ago

At the end of the day she and the other members of the board who took the plea bargain are basically keeping most of the money, right?

I know I'm basically in conspiracy territory here, but I can't stop thinking this was planned well beforehand and SBF was just the biggest moron they could find as the fall guy. Like, if what they say about him is remotely true they could've planned everything while he was playing LoL during meetings or something.

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