A former FTX executive pleaded guilty Tuesday to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors.
The plea by Nishad Singh, formerly the cryptocurrency company’s engineering director, raises to three the number of people who prosecutors say have pleaded guilty in connection with the case.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“They rocked our financial markets with a multibillion-dollar fraud. And they corrupted our politics with tens of millions of dollars in illegal straw campaign contributions,” he said. “These crimes demand swift and certain justice and that is exactly what we are seeking in the Southern District of New York.”Article content
He is accused of stealing billions of dollars in FTX customer deposits to support the company he founded, a global cryptocurrency exchange affiliated with the cryptocurrency trading hedge fund Alameda Research.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former FTX engineering chief Nishad Singh agrees to plead guilty to U.S. criminal charges, lawyer saysNishad Singh’s guilty plea is set to come after two of FTX founder Sam Bankman-Fried’s closest associates in December agreed to co-operate with prosecutors
Read more »
Ex-FTX executive Nishad Singh third to plead guilty in cooperation dealA former FTX executive pleaded guilty Tuesday to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors.
Read more »
FTX: Nishad Singh pleads guilty to criminal chargesNishad Singh, the former director of engineering of bankrupt crypto exchange – FTX, pleads guilty to United States criminal charges. As per the disclosure made at a court hearing today, Sing admitted being guilty to six criminal charges, Reuters reported. The charges include wire fraud, conspiracy to commit fraud, conspiracy to commit money laundering, and […]
Read more »
Former FTX Director Nishad Singh pleads guilty to fraud, conspiracy charges(Kitco News) - The former Director of Engineering for bankrupt cryptocurrency exchange FTX, Nishad Singh, has pleaded guilty to criminal charges on Tuesday and will cooperate with prosecutors, according to a Reuters report.
Read more »
NDP’s Singh joins calls for inquiry on alleged China election interference - National | Globalnews.caThe calls for a public inquiry are growing louder, and Singh is the latest voice to join the chorus demanding a probe into the allegations of Chinese election interference.
Read more »
Conservatives to suspend MPs' TikTok accounts, Singh dodges questions on NDP plansJagmeet Singh has nearly 900,000 followers on TikTok and it was a centrepiece of the NDP\u0027s communication strategy during the 2021 election.
Read more »