{"id":15689,"date":"2024-10-30T19:23:29","date_gmt":"2024-10-30T20:23:29","guid":{"rendered":"http:\/\/medexperts.pro\/?p=15689"},"modified":"2024-10-30T20:28:03","modified_gmt":"2024-10-30T20:28:03","slug":"nishad-singh-a-top-ftx-executive-is-given-no-prison-time-after-cooperation","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=15689","title":{"rendered":"Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation"},"content":{"rendered":"
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Mr. Singh, who was a top executive in Sam Bankman-Fried\u2019s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.<\/p>\n

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Nishad Singh<\/a>, who was a top adviser to the disgraced cryptocurrency mogul Sam Bankman-Fried, avoided prison time for his role in the collapse of the FTX crypto exchange, after a federal judge on Wednesday lauded his cooperation with U.S. prosecutors.<\/p>\n

Mr. Singh, 29, was sentenced to three years of supervised release at a hearing in Federal District Court in Manhattan.<\/p>\n

Not long after FTX failed in November 2022, Mr. Singh pleaded guilty to participating in the fraud that drained $8 billion from customers\u2019 accounts. He also admitted to breaking campaign finance rules by serving as a so-called straw donor \u2014 making political donations in his name with money that actually came from the company.<\/p>\n

Lawyers for Mr. Singh had requested that he serve no prison time, arguing that he played only a minor role in the scheme that upended FTX, while prosecutors also called for leniency.<\/p>\n<\/div>\n<\/div>\n

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Mr. Singh is one of several executives in Mr. Bankman-Fried\u2019s former business empire who were charged with fraud. In March, Mr. Bankman-Fried, 32, was sentenced<\/a> to 25 years in prison after his conviction at trial last year on seven counts of fraud and conspiracy.<\/p>\n

The other executives who have been sentenced all pleaded guilty to various financial crimes. Caroline Ellison, another top lieutenant to Mr. Bankman-Fried, was sentenced<\/a> to two years in prison at a hearing in federal court last month. Ryan Salame, an FTX executive, received<\/a> a seven-and-a-half-year sentence in May for campaign finance violations. Gary Wang, a fifth company leader, is scheduled to be sentenced on Nov. 20.<\/p>\n

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Mr. Singh, who was a top executive in Sam Bankman-Fried\u2019s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.Nishad Singh, who was a top adviser to the disgraced cryptocurrency mogul Sam Bankman-Fried, avoided prison time for his role in the collapse of the FTX crypto exchange, after a federal judge on Wednesday lauded his cooperation with U.S. prosecutors.Mr. Singh, 29, was sentenced to three years of supervised release at a hearing in Federal District Court in Manhattan.Not long after FTX failed in November 2022, Mr. Singh pleaded guilty to participating in the fraud that drained $8 billion from customers\u2019 accounts. He also admitted to breaking campaign finance rules by serving as a so-called straw donor \u2014 making political donations in his name with money that actually came from the company.Lawyers for Mr. Singh had requested that he serve no prison time, arguing that he played only a minor role in the scheme that upended FTX, while prosecutors also called for leniency.Mr. Singh is one of several executives in Mr. Bankman-Fried\u2019s former business empire who were charged with fraud. In March, Mr. Bankman-Fried, 32, was sentenced to 25 years in prison after his conviction at trial last year on seven counts of fraud and conspiracy.The other executives who have been sentenced all pleaded guilty to various financial crimes. Caroline Ellison, another top lieutenant to Mr. Bankman-Fried, was sentenced to two years in prison at a hearing in federal court last month. Ryan Salame, an FTX executive, received a seven-and-a-half-year sentence in May for campaign finance violations. Gary Wang, a fifth company leader, is scheduled to be sentenced on Nov. 20.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":15691,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15689"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15689\/revisions"}],"predecessor-version":[{"id":15692,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15689\/revisions\/15692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/15691"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}