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Nishad Singh testifying in further FTX legal proceedings by end of 2024?
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Resolution / Starting Odds
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Court records and public announcements related to legal proceedings involving FTX
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Former FTX Executive Nishad Singh Spared Jail Time, Sentenced to Time Served for $8 Billion Fraud
Oct 30, 2024, 08:01 PM
Former FTX executive Nishad Singh has been sentenced to time served and three years of supervised release for his involvement in the $8 billion fraud at the now-bankrupt cryptocurrency exchange. Singh, who served as FTX's chief engineer, was a key participant in the fraud led by his former boss, Sam Bankman-Fried, who is currently serving a 25-year prison sentence. Singh had pleaded guilty to six felony counts of fraud and conspiracy. His cooperation with authorities and testimony against Bankman-Fried were significant factors in Judge Kaplan's decision to spare him prison time. John Ray, FTX's current CEO, had also submitted a letter of support for Singh, emphasizing the importance of his future cooperation in the ongoing bankruptcy proceedings.
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Seen as a minor player • 25%
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Seen as a whistleblower • 25%
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Ryan Salame's Sentence Reduced • 25%
Michelle Bond Indicted • 25%
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