Nishad Singh’s legal professionals declare he’s an “uncommonly selfless particular person”
They consider 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 choose to spare him a jail sentence, based on legal professionals representing him.
In response to Bloomberg, Nishad Singh’s legal professionals filed a memo to a Manhattan federal choose claiming he deserves a lighter sentence because of his restricted position within the collapse of the cryptocurrency alternate and “the exemplary life he’s dedicated to main.”
“His circumstances are extraordinary in each approach that issues to sentencing: his private historical past and traits, his position within the charged offenses, the velocity with which he cooperated, his response to the collapse of FTX, and the way he has rebuilt his life since then,” his legal professionals wrote.
In addition they described him as an “uncommonly selfless particular person” and that his “position was much more restricted than some 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 felony prices together with fraud and conspiracy to commit cash laundering.
Singh additionally testified towards 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 prices. 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 Might.
Singh is anticipated to be sentenced on October 30.
