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FTX Former Engineering Chief Nishad Singh Looking for Deal From Feds: Report
Singh may hold information key to showing how Sam Bankman-Fried violated numerous federal campaign finance laws.
By Sam Reynolds
Updated May 9, 2023, 4:05 a.m. Published Jan 10, 2023, 7:04 a.m.
Another one of Sam Bankman-Fried’s former confidants and roommates is said to be engaging with the U.S. Attorney’s Office in the Southern District of New York with the hope of getting a plea agreement, according to a report from Bloomberg.
Nishad Singh, FTX’s former director of engineering and a housemate of Bankman-Fried, is said to have met with prosecutors in a "proffer session." Such meetings often include an offer of "limited immunity" to encourage the interviewee to speak freely. Singh has not been accused of wrongdoing.
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Former Alameda Research CEO Caroline Ellison and former FTX CTO Gary Wang have both pleaded guilty to fraud charges.
Central to Singh’s deal is information on FTX’s and Bankman-Fried’s large donations to various political campaigns, according to Bloomberg, citing people familiar with the matter.
Singh personally has donated more than $9.3 million to Democratic Party-aligned initiatives since 2020. In April 2021, the political action committee Mind The Gap, founded by Bankman-Fried's mother, received a $1 million donation from Singh.
According to court documents from November, Singh received $543 million in loans from Alameda Research. The former FTX affiliate is recorded as granting $4.1 billion in loans to related parties.
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