The Story of Nishad Singh: Cooperation, Not Jail Time

Nishad Singh, former engineering boss at FTX, got off lightly. No jail time, just three years of supervision. Why? He cooperated with the government, helping unravel the crypto exchange's fraud. The judge praised his limited role compared to others like FTX founder Sam Bankman-Fried. Singh also forfeited $11 billion. Singh pleaded guilty to six charges, including securities fraud and money laundering. He admitted his mistakes in court, saying his involvement in wrongdoing came late. His attorney emphasized his cooperation, like testifying against Bankman-Fried. Prosecutors met Singh many times, impressed by his remorse and useful information. He even revealed a secret campaign finance scheme. The judge agreed, sending a message: cooperate, get leniency. Singh's family and friends filled the courtroom. Letters backed him, including one from Bankman-Fried's brother. Even FTX's new CEO, John Ray, praised Singh's help. Bankman-Fried faces 25 years in prison. Other top FTX staffers got harsh sentences too. But Singh's fate shows that helping investigators can make a difference.