Prosecutors and defense attorneys agreed at a court hearing Friday that Johnny Bobbitt will be released from county jail and live in his apartment in Philadelphia.
Bobbitt will be subject to electronic monitoring.
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NJ.com reports Bobbitt also will be required to attend Narcotics Anonymous meetings.
Burlington County prosecutors say Bobbitt conspired with Katelyn McClure and her former boyfriend, Mark D'Amico, to concoct a feel-good story about Bobbitt giving McClure his last $20 when her car ran out of gas.
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They raised $400,000, which authorities say was spent on luxury items and casino trips.
All three face conspiracy and theft charges.