Based

Nishad Singh, former FTX Director of Engineering, asks for no jail time as his sentencing date approaches. His legal team claims his involvement in the FTX collapse was limited and far different from that of other FTX executives. 
<h2 id="b-a-plea-for-mercy-based-on-unique-circumstances-b">A Plea for Mercy Based on Unique Circumstances</h2> 
Singh’s lawyers argue that his role in the FTX collapse was minimal. They presented over 100 letters from his friends, family, and colleagues to support his character. His lawyers described him as an uncommonly selfless individual and claimed his case is different from others involved. 
In 2023, <a href="https://thecoinrise.com/former-ftx-exec-to-plead-guilty-details/">Singh admitted to six criminal charges</a>, including fraud and money laundering. He took responsibility for his actions but emphasized his limited role in the larger scheme. 
<h2 id="b-nishad-singh-s-regret-and-cooperation-b">Nishad Singh’s Regret and Cooperation</h2> 
In a letter to the presiding judge, Singh expressed deep remorse for his part in the scandal. He admitted to being swayed by Sam Bankman-Fried’s misleading narratives, which led him to make poor decisions. Singh acknowledged the harm he caused and described his overwhelming guilt. 
Singh’s lawyers also highlighted his cooperation during investigations. As FTX neared collapse, Singh distanced himself from misleading statements made by other executives. He even separated himself from Bankman-Fried and tried to remove himself from the fraudulent actions. 
<h2 id="b-comparing-singh-s-case-to-other-ftx-figures-b">Comparing Singh’s Case to Other FTX Figures</h2> 
<a href="https://thecoinrise.com/ftx-founder-sbf-trades-penthouse-for-prison-cell/">Sam Bankman-Fried, FTX’s founder, was sentenced to 25 years</a> for his central role in the collapse. Alameda Research’s former CEO, <a href="https://thecoinrise.com/caroline-ellison-seeks-leniency-ahead-of-sentencing-in-ftx-collapse/">Caroline Ellison</a>, received a two-year sentence. Ellison cooperated extensively with investigators, but the court still imposed jail time to show cooperation alone does not grant immunity from punishment. 
Nishad Singh’s lawyers argue that this message does not apply to Singh because his role was far less significant than Ellison’s or Bankman-Fried’s. The legal team emphasized that Singh only joined the conspiracy two months before FTX collapsed and played no part in the major decisions that led to the disaster. 
Singh is set to be sentenced on October 30. His legal team hopes the court will recognize his limited involvement and cooperation and grant leniency. As the FTX case continues to unfold, Singh’s future remains uncertain, but his plea for leniency stands in sharp contrast to the harsh penalties handed down to others involved. 
The post <a href="https://thecoinrise.com/nishad-singh-seek-leniency-ahead-of-sentencing-in-ftx-scandal/">Nishad Singh Seek Leniency Ahead of Sentencing in FTX Scandal</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Nishad Singh Seek Leniency Ahead of Sentencing in FTX Scandal

Table of Contents

TheCoinrise Media

Other articles published on Oct 17, 2024

NiceHash Unveils ASIC Firmware for Kaspa with 20% Boost

SOL Whales Flock To New Ethereum Token’s Presale On Poor Solana Price Predictions; XMR Holders Jo...

Unequal Justice? Comparing Sentences for Crypto Crimes

If You Skipped the NEIRO’s 800% Rise, RCO Finance Is About To Skyrocket 1834% in 4 Months

Kraken Launches Kraken Wrapped Bitcoin (kBTC) for Cross-Network Compatibility

Supreme Court OKs U.S. Government to Sell $4.4 Billion in Seized Silk Road Bitcoin

Join our free newsletter for daily crypto updates!