Former FTX executive Nishad Singh is asking a US federal judge for leniency ahead of his sentencing for his role in the exchange’s collapse.

In a memorandum filed on Oct. 16, Singh’s legal team emphasized his cooperation with authorities and the limited nature of his involvement, requesting a reduced sentence.

The attorneys highlighted his swift response to the investigation and his actions upon recognizing the extent of FTX’s misconduct. The defense argued that Singh’s participation in the events leading to the company’s downfall was relatively minor compared to other top executives.

The defense team wrote:

“His circumstances are extraordinary in every way that matters to sentencing: his personal history and characteristics, his role in the charged offenses, the speed with which he cooperated, his response to the collapse of FTX, and how he has rebuilt his life since then.”

Singh is one of several former FTX executives who admitted guilt following the company’s implosion, which led to billions in investor losses.

Other sentencings

Singh is among a group of FTX leaders facing sentencing for their roles in the scandal, including FTX co-founder Gary Wang who is also awaiting his sentencing. Meanwhile, Ryan Salame was sentenced to 7.5 years in prison earlier this year and is set to begin his sentence soon.

Caroline Ellison, former CEO of Alameda Research, who also cooperated with authorities, received a two-year sentence in September for her involvement in FTX’s fraudulent activity.

Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in prison for orchestrating the multi-billion dollar fraud that led to the exchange’s collapse, leaving

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Author: Assad Jafri