Singh in a plea deal with prosecutors admitted to his role in the fraud and to serving as a “straw donor” in some of Bankman-Fried’s millions of dollars in political donations.
with FTX founder Sam Bankman-Fried , was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8 billion in customer funds from the now-bankrupt exchange.
Prosecutors had urged leniency for the 29-year-old Singh, FTX’s former chief engineer, in light of his cooperation. His defense lawyers had recommended he serve no prison time.Amazon workers 'appalled' by top exec's explanation for 5-day return to office policysentenced Caroline Ellison The judge told Singh that his involvement “was much more limited than, certainly, Bankman-Fried and Ellison.”Prosecutors had urged leniency for the 29-year-old Singh, FTX’s former chief engineer, in light of his cooperation. Above, Singh testifying last year.During the hearing, Singh said he looked up to and supported Bankman-Fried even after coming to see him as deceptive and self-serving.“You did the right thing,” Kaplan told Singh.
“The overwhelming majority of the conduct that made it such a monumental crime took place before Nishad ever became involved,” Goldstein said, arguing that Bankman-Fried and Ellison were responsible for the decision to steal funds from FTX customers to pay Alameda’s lenders. “That was their crime. It was not Nishad’s crime.”Goldstein said Singh’s brother, parents and fiancée, among other family members, were present in court.
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