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FTX insider Caroline Ellison has been quietly moved out of prisonwww.businessinsider.com/caroline-ellison-prison-release-ftx-sam-bankman-fried-2025-12
764 sats \ 7 comments \ @Scoresby 6h news
  • Caroline Ellison has been moved from federal prison to community confinement.
  • That means the former Alameda Research CEO is either in home confinement or a halfway house.
  • Ellison served about 11 months of her two-year prison sentence.
It's kinda crazy that we put people like this in prison (same for CZ or Ross or for Samourai guys or anyone non-violent). What purpose does it serve?
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102 sats \ 4 replies \ @SimpleStacker 4h
What do you suggest for white collar criminals instead?
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67 sats \ 3 replies \ @Scoresby OP 4h
fine them and restitution if relevant.
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0 sats \ 2 replies \ @SimpleStacker 4h
what if they no longer have the funds to make their victims whole?
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0 sats \ 1 reply \ @Scoresby OP 4h
I suppose it ultimately ends in state violence (prison) if they can't pay. But things like garnishing or the obligation to make payments in the future make sense.
The goal of prison seems to be deterrent, and wrecking a scammer's financial life seems like a good deterrent.
Are there other solutions?
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102 sats \ 0 replies \ @Wumbo 3h
People who where defrauded now have the double insult of having to pay for the incarceration.
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102 sats \ 1 reply \ @kepford 3h
It's kinda crazy that we put people like this in prison (same for CZ or Ross or for Samourai guys or anyone non-violent). What purpose does it serve?
I agree. Its barbaric and dumb. They should be forced to make things right and put to effective productive work. They aren't dummies that should be sitting around. The only people that should be locked in cages are those that can't exist peacefully with the rest of us. And even they could be managed more effectively.
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0 sats \ 0 replies \ @kepford 3h
There is the attitude that this is somehow weak on crime. I think it's just stupid and wasteful. Even if you don't care about the criminals we should care about those they take advantage of and the tax payers that are paying for their housing.
I don't talk about anarco-capitalism much but I do think private parties would do a much better job of this than the state. Prisons are incredibly wasteful, and ineffective. They actually do a better job creating crime than stopping it.
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