Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations – Bitcoin News

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On Tuesday, Nishad Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” FTX

“I am unbelievably sorry for my role in all of this,” Singh said in a New York court on Tuesday. During the hearing, Singh’s prosecutor, Danielle Sassoon, explained that Singh flew back from the Bahamas to assist with the U.S. investigation after FTX collapsed.

Singh stated that he knew around mid-2022 that Alameda Research was using customer funds, and he also pledged to forfeit the proceeds he obtained from the scheme. Reuters first reported the news, and following Singh’s plea, the publication contacted Sam Bankman-Fried for comment. According to the report, a spokesman for Bankman-Fried declined to comment. Singh’s plea comes after ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty. Ellison provided a

 

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