- Nishad Singh's legal professionals say he’s an 'terribly devoted particular person'
- He believes he ought to obtain a lighter sentence due to his restricted position within the collapse of FTX
The previous FTX engineering chief requested a choose to spare him a jail sentence, in response to legal professionals representing him.
In response to Bloomberg, Nishad Singh's legal professionals filed a memorandum with a Manhattan federal choose arguing that he deserves a lighter sentence due to his restricted position within the cryptocurrency trade collapse and the “exemplary life he’s decided to steer.”
“His circumstances are extraordinary in all respects that matter at sentencing: his private historical past and traits, his position within the offenses charged, the velocity with which he cooperated, his response to the collapse of FTX and the way he has since rebuilt his life. his legal professionals wrote.
In addition they described him as “an awfully selfless particular person” and that his “position was rather more restricted than that of another defendant”.
In February 2023, Singh was accused of withdrawing $6 million in Alameda Analysis buyer funds from FTX. He pleaded responsible to 6 offences, together with fraud and conspiracy to commit cash laundering.
Singh additionally testified in opposition to his former boss and FTX CEO 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 sentenced to 24 months in jail in September. Former FTX government Ryan Salame was sentenced to 90 months in jail in Could.
Singh is scheduled to be sentenced on October 30.
