Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation

Prosecutors stated Singh “approached his cooperation with real regret and eagerness to assist.”

He will likely be sentenced later this month.

Prosecutors within the case in opposition to former FTX director Nishad Singh have requested the choose to keep in mind the “substantial help” and “exemplary cooperation” Singh offered to the federal government in its investigation into FTX.

In a single Within the doc filed Oct. 23, prosecutors stated Singh “approached his cooperation with real regret and an eagerness to assist.”

Singh helped the federal government perceive how the FTX code enabled the unlawful use of consumers’ cash, and he recognized intimately Sam Bankman-Fried’s transactions involving stolen funds.

“Singh additionally dropped at the federal government’s consideration prison conduct of which the federal government was unaware and which in some instances might by no means have been found with out Singh’s cooperation. That included details about Bankman-Fried and [Ryan] Salame concerned in one of many largest marketing campaign finance schemes ever, together with cases wherein Bankman-Fried manipulated FTX’s monetary knowledge to make revenues seem bigger,” the report stated.

The previous head of the engineering division pleaded responsible in February 2023 to 6 prison costs, together with fraud and conspiracy, associated to the collapse of FTX the earlier November.

Final week, his attorneys requested a federal choose to spare him jail in a sentencing doc filed on October 16. They described him as an “extraordinarily selfless particular person,” claimed his function at FTX was restricted and described his cooperation with authorities.

Singh and Gary Wang, FTX’s former chief know-how officer, are each awaiting sentencing.

Bankman-Fried was sentenced to 25 years in jail in March this yr after being discovered responsible of seven separate costs of fraud and conspiracy. Caroline Ellison, the previous CEO of Alameda Analysis, was jailed for 2 years final month after pleading responsible to the identical costs as Bankman-Fried.

FTX Digital Markets CEO Ryan Salame started a 7.5-year jail sentence this month after pleading responsible to costs of working an unlicensed cash transmitter and conspiring to defraud the Federal Election Fee.