Salem Radio Network News Friday, October 17, 2025

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Caroline Ellison begins 2-year sentence for her role in Bankman-Fried’s FTX fraud

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( ) -q-21- UNDATED (Correspondent Jeremy House) “years in prison.”

A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire has begun her two-year prison sentence.

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TAG: Correspondent Jeremy House reporting. Both the judge and prosecutors said Ellison deserved credit for her cooperation. She tearfully apologized at her sentencing hearing in New York in September and said she was “deeply ashamed.”

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VERBATIM: The Federal Bureau of Prisons says Caroline Ellison has reported to the federal prison in Danbury, Connecticut. She had pleaded guilty for her role in a massive fraud that cost investors, lenders and customers billions of dollars. She also testified extensively against former boyfriend Bankman-Fried. He was sentenced to 25 years in prison.

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