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Caroline Ellison helped her ex-boyfriend steal $8 BILLION from his own customers. Then she testified against him to save herself. He got 25 years. She served 14 months.
Both her parents were MIT economics professors. Stanford maths degree. First job at Jane Street. That's where she met Sam Bankman-Fried.
He launched a crypto exchange called FTX in 2019. Made her CEO of its trading arm, Alameda Research. By 2021, FTX was valued at $32 BILLION. She owned 0.5% of it.
They lived together in a luxury compound in the Bahamas with eight other employees. All ten reportedly dated each other at various points. Ellison compared it on her Tumblr to an "imperial Chinese harem."
Behind the scenes, FTX was funnelling $8 BILLION in customer deposits to Alameda. Ellison doctored the balance sheets to hide it.
On November 2, 2022, CoinDesk exposed that Alameda's assets were mostly a token FTX had invented itself. $5 BILLION in withdrawals hit within 72 hours. FTX froze all accounts.
Bankman-Fried was arrested in the Bahamas. Released on a $250 MILLION bond. The largest in history. Ellison pleaded guilty the same month. Seven charges.
She flipped immediately. Handed prosecutors seven fake spreadsheets she had personally created. Took the stand against him. Prosecutors called her testimony the "cornerstone" of the case.
He was convicted on all seven counts. Sentenced to 25 years. She got 24 months. The judge called it the greatest financial fraud in American history, then praised her cooperation. "I've never seen one quite like Miss Ellison," he said.
Released January 2026. Fourteen months served. She was 31.
Her Tumblr handle was a Harry Potter fan fiction reference about a child who wanted to optimise the world. The $8 BILLION was real.