- Nishad Singh’s attorneys declare he’s an “uncommonly selfless individual”
- They imagine he ought to obtain a lighter sentence due to his restricted position in FTX’s collapse
The previous head of engineering at FTX has requested a decide to spare him a jail sentence, in response to attorneys representing him.
In accordance with Bloomberg, Nishad Singh’s attorneys filed a memo to a Manhattan federal decide claiming he deserves a lighter sentence as a consequence of his restricted position within the collapse of the cryptocurrency alternate and “the exemplary life he is committed to leading.”
“His circumstances are extraordinary in every way that matters to sentencing: his personal history and characteristics, his role in the charged offenses, the speed with which he cooperated, his response to the collapse of FTX, and how he has rebuilt his life since then,” his attorneys wrote.
In addition they described him as an “uncommonly selfless individual” and that his “role was far more limited than any other defendant.”
In February 2023, Singh was charged with withdrawing $6 million of buyer funds to Alameda Analysis from FTX. He pleaded responsible to 6 legal expenses together with fraud and conspiracy to commit cash laundering.
Singh additionally testified in opposition to his former boss and CEO of FTX, Sam Bankman-Fried in October.
Bankman-Fried was sentenced to 25 years in jail after being discovered responsible of fraud and conspiracy expenses. Caroline Ellison, the previous CEO of Alameda Analysis, was handed a 24-month jail sentence in September. Former FTX govt Ryan Salame was sentenced to 90 months in jail in Could.
Singh is anticipated to be sentenced on October 30.
