Sam Bankman-Fried’s ex-deputy Nishad Singh spared prison time over crypto fraud
by Reuters from US news | The Guardian on (#6RW1Z)
Former FTX executive who shared Bahamas penthouse with Bankman-Fried pleaded guilty to six felony counts
The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with the FTX founder, Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange.
The United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court.
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