- Nishad Singh's legal professionals say he’s a 'significantly altruistic particular person'
- They imagine he ought to obtain a lighter sentence due to his restricted position within the collapse of FTX.
FTX's former engineering director requested a choose to spare him jail time, based on his legal professionals.
Based on Bloomberg, Nishad Singh's legal professionals filed a memorandum with a federal choose in Manhattan, saying he deserved a lighter sentence due to his restricted position within the collapse of the cryptocurrency trade and ” the exemplary life he undertakes to guide.
“His scenario is extraordinary in each respect that issues for 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 style by which he which he has since rebuilt his life. “, wrote his legal professionals.
In addition they described him as an “exceptionally selfless particular person” and that his “position was much more restricted than that of some other defendant.”
In February 2023, Singh was accused of withdrawing $6 million in Alameda Analysis shopper funds from FTX. He pleaded responsible to 6 legal prices, together with fraud and conspiracy to commit cash laundering.
Singh additionally testified towards his former boss and FTX CEO Sam Bankman-Fried in October.
Bankman-Fried was sentenced to 25 years in jail after being convicted of fraud and conspiracy. Caroline Ellison, former 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.
