Close Ally of FTX Founder Sam Bankman-Fried Pleads Guilty to Fraud

Posted on AllSides February 28th, 2023
From The Center
stefani reynolds/Agence France-Presse/Getty Images

A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to fraud charges and agreed to assist federal prosecutors, expanding the pool of cooperating witnesses against the former head of the failed crypto exchange.

Nishad Singh, the company’s former director of engineering, pleaded guilty to six criminal counts, including conspiring to commit securities and commodities fraud, during a hearing Tuesday in federal court in Manhattan. 

“I’m unbelievably sorry for my role in all of this and the harm that it has caused,” Mr. Singh, 27 years old, told...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.wsj.com/articles/ftx-co-founder-nishad-singh-pleads-guilty-to-fraud-charges-d9936c87

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right