Sentencing for ex-FTX execs set for October, November
Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.
A federal judge who oversaw the trial of former FTX CEO Sam “SBF” Bankman-Fried has scheduled sentencing hearings for FTX co-founder Gary Wang and former engineering director Nishad Singh.
In a July 9 docket entry in the US District Court for the Southern District of New York, Judge Lewis Kaplan said Singh’s sentencing would be held on Oct. 30, and Wang’s was set for Nov. 20. There was no mention of Caroline Ellison, the former CEO of Alameda Research who testified at SBF’s 2023 trial, at the time of publication.
Wang and Ellison were among the first to plead guilty to charges related to their roles in the collapse of the now-defunct cryptocurrency exchange FTX in 2022. Singh pleaded guilty to multiple felony counts, including fraud and money laundering, in February 2023. The three former executives testified against Bankman-Fried in his criminal trial, which likely contributed to Judge Kaplan sentencing the former CEO to 25 years in prison.
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Author: Turner Wright
