SEC and CFTC Charge FTX’s Nishad Singh

FTXs chief engineer, Nishad Singh, was hit with lawsuits from both the SEC and the CFTC shortly after pleading guilty to six criminal charges yesterday. Aiding and Abetting Fraud Another...

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Former FTX Engineering Director Nishad Singh Pleads Guilty to Fraud Charges

Singh agreed to cooperate with the prosecutors’ investigation into FTX founder and former CEO Sam Bankman-Fried.

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US prosecutors seek to ban SBF from Signal after alleged witness contact

It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.

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FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried in an attempt for a more lenient sentence.

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FTX CEO hints Nishad Singh should remain free to assist bankruptcy case

John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singhs cooperation in the firms bankruptcy would be important to maximize recovery for creditors.

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What to expect at Nishad Singhs sentencing hearing

After pleading guilty to six felony charges in February 2023 after FTXs collapse, the former engineering director could face years in prison.

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US prosecutors recommend leniency for former FTX executive Nishad Singh following substantial assistance

US prosecutors have requested that the court favorably consider former FTX executive Nishad Singh’s “substantial assistance” during their investigation into the failed crypto exchange, according to an Oct. 23 court filing. The prosecutors noted that he approached his cooperation with genuine remorse and a strong desire to help. According to the authorities, Singh’s “exemplary cooperation” […]

The post US prosecutors recommend leniency for former FTX executive Nishad Singh following ‘substantial assistance’ appeared first on CryptoSlate.

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US govt cites ex-FTX execs exemplary cooperation before sentencing

Prosecutors asked Judge Lewis Kaplan to consider Nishad Singhs substantial assistance to the government in its case against Sam Bankman-Fried at sentencing.

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FTXs former head of engineering asks judge to spare him prison sentence

Nishad Singh’s lawyers claim he is an “uncommonly selfless individual” They believe he should receive a lighter sentence because of his limited role in FTX’s collapse The former head of engineering at FTX has asked a judge to spare him a prison sentence, according to lawyers representing him. According to Bloomberg, Nishad Singh’s lawyers filed […]

The post FTX’s former head of engineering asks judge to spare him prison sentence appeared first on CoinJournal.

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Nishad Singh asks for time served, claiming limited role in FTX crimes

The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing. 

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FTX financial controls were a ‘hodgepodge’ of apps, says court filings

FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III. In an April 9 court filing in a Delaware Bankruptcy Court, John J [...]

The post FTX financial controls were a ‘hodgepodge’ of apps, says court filings appeared first on Crypto Breaking News.

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FTX’s former law firm hit with lawsuit alleging it set up shadowy entities

The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.

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