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FTX insider Caroline Ellison has been moved out of prison (businessinsider.com)
47 points by harambae 4 hours ago | hide | past | favorite | 22 comments




So you can always get away with fraud?

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.


What's amazing is that they needed her help.

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

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.

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.


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.

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.


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.

Well it was het fund that lost customers money


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

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.


Nearly all of the photos of her I can find are of her walking to and from a car. The others (which were very few and only one of which I thought was a good photo) seem like social media pics that news agencies probably couldn't publish. That does make more challenging to get a good picture of her, but I have a hard time believing they couldn't have done better that the one at the top of the article. It's particularly bad.

just looks like a normal person who is not posing for a photo, not some influencer

To me it looks like when you take a bunch of pictures while someone is talking and some of them look extremely awkward because their mouth in a weird shape.

That's just how she looks. Hence all the "pin the weasel" mockery.

there are some but they required this amount of processing https://www.bostonglobe.com/2022/12/06/business/caroline-ell...

> Ellison, 31

Remarkable how she did all this, landed in prison and will still have half of her life ahead when this chapter ends.

In Europe at this age many people are hesitant if it's the time to get their first job or not yet.


This seems such a bizarre statement to make about Europeans, which isn’t…in anyway true? Europeans start working straight out of school, college, or university same as the US?

Many people become professional students when high education is free. This problem isn't exclusive to Europe, but less common in the US.

In Latin America, many people take on masters and PhD while living with their parents. You are often seen as smarter than the idiot who's working.


At leas in some European countries there was quite a tradition of studying for long amounts of time, like 6 or so. Add a PhD, military service and long high school and you end up with 19+2+6+3=30. No gap year etc.

She's hardly the average person, is she? High IQ enough to get a job at Jane Street and then constantly swimming in these elite networks at Stanford, Jane Street and whatever that weird EA thing is supposed to be.

If you do a BSc in Math in Europe and you have some olympiad creds, you have a good shot of joining Optiver or similar, and go from there.




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