‘Keep Your Head Down’: SBF’s Prison Advisor Offers Advice for Caroline Ellison
The post ‘Keep Your Head Down’: SBF’s Prison Advisor Offers Advice for Caroline Ellison appeared on BitcoinEthereumNews.com.
When former Alameda Research CEO Caroline Ellison reports to prison in just over a month, the atmosphere will be far different from the luxury apartments in the Bahamas that she and other lieutenants to FTX founder and former CEO Sam Bankman-Fried once called home. As she enters the Bureau of Prisons’ orbit, however, there are steps Ellison can take to better navigate “a black hole” that lacks consistency and compassion, according to Sam Mangel, a white-collar prison consultant, who said he’s advised the former FTX head. “Being a little fish in a big sea is super important,” he told Decrypt in an interview. “Know what you need to do in order to get the earliest possible release from custody.” U.S. District Judge Lewis Kaplan sentenced Ellison to two years in prison Tuesday, recommending that the Bureau of Prisons place her in a minimum security facility near her family in Boston, Massachusetts. Though it’s a three-hour drive from the Bay State’s capital, Mangel recommended Ellison seek out the Danbury Women’s Camp in Connecticut. “It is the best female camp on the East Coast,” Mangel said, adding that a handful of his clients have served at the minimum security facility housing just over 100 inmates. Compared to the Metropolitan Detention Center (MDC) in Brooklyn, New York, where Bankman-Fried has stayed since his bail was revoked last year, Danbury Women’s Camp has much nicer facilities, Mangel said. Still, he’s heard from other clients in MDC’s so-called protective custody unit that Bankman-Fried is doing relatively well, separated from the general population where “people are routinely beaten, stabbed, molested, [or] extorted.” Bankman-Fried’s 25-year prison sentence far outweighs Ellison’s, who served as a key witness in his case. Cooperating with the government’s investigation into mismanagement at the defunct crypto exchange, she pleaded guilty to a series…
Filed under: News - @ September 27, 2024 10:22 pm