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Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.
Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, , Gabe, , ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian
Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse
Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian
“Words are incredibly powerful in white-collar cases because in a lot of them you’re not going to hear from a defendant, as they are seldom going to take the stand,” he said. Some aides and allies who interacted with Mr. Trump in the days after the election have previously disclosed that Mr. Trump indicated that he knew he lost the election. In testimony before the House select committee, the chairman of the Joint Chiefs of Staff, Gen. Mark A. Milley, said that in an Oval Office meeting in late November or early December 2020, Mr. Trump acknowledged that he had lost the election. There wasn’t anything — the subject we were talking about was a very serious subject, but everything looked very normal to me. But I do remember him saying that.”General Milley said, though, that in subsequent meetings Mr. Trump had increasingly discussed how the election was stolen from him.
Persons: , ” Andrew Goldstein, Trump, Cooley, Trump’s, ” Mr, Goldstein, Mark, , Mr, Milley, Biden Organizations: Department of Justice, Mr, Joint Chiefs of Staff Locations: Russia
Nishad Singh, who led engineering at FTX, has pleaded guilty to six criminal charges. Singh pleaded guilty to six counts, including wire fraud and various conspiracy charges, according to a filing on Tuesday in New York federal court. Caroline Ellison, the former CEO of Alameda Research, and FTX cofounder Gary Wang both pleaded guilty in December and are also cooperating with federal prosecutors. Bankman-Fried, who was hit this month with an updated indictment outlining 12 counts against him, pleaded not guilty in January. Singh had been head of engineering at both FTX and Alameda, according to the SEC's complaint.
New York CNN —A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud at the now collapsed exchange. Nishad Singh, the former director of engineering at FTX, pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws. Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX’s sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried. New York state election records show Singh made a $107,000 donation to the committee on October 28, 2022.
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