Activity tagged "FTX"

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FTX’s Nishad Singh was sentenced to no jail time, and three years of supervised release. He had pleaded guilty to fraud and money laundering charges, as well as a campaign finance charge, and cooperated with the prosecution.

That just leaves defendant Gary Wang left to be sentenced. I imagine he’s feeling some relief after hearing of Singh’s non-custodial sentence.

This also really underscores the sentencing benefit from cooperation. Ryan Salame, who pleaded guilty but did not cooperate, received 7 1/2 years for a campaign finance charge and a money transmitting charge.

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FTX executive Caroline Ellison is seeking a sentence of time served for her guilty plea on seven charges pertaining to the collapse of the FTX cryptocurrency exchange. Her sentencing submission paints her as someone whose “moral compass [was] warped” by Sam Bankman-Fried.

The probation department is also recommending time served, with three years of supervised release. Like Sam Bankman-Fried, she’s hit the maximum of 43 points on the sentencing guidelines, which would equate to a life sentence.

Exhibits include more of her diary entries to support the story that she was deeply unhappy and self-medicating with Adderall, and desperate for Sam Bankman-Fried’s approval and affection.

“I think a good night’s sleep is probably equivalent in productivity to about 7.5mg adderall, with a much nicer side effect profile”

Sentencing memo, exhibits