Ex-SBF Roommate Nishad Singh Wants To Make A Deal With FTX Probe: Report

Ex-SBF Roommate Nishad Singh Wants To Make A Deal With FTX Probe: Report

Ex-SBF Roommate Nishad Singh Wants To Make A Deal With FTX Probe: Report

  • The former FTX chief engineer met with prosecutors investigating the collapse of the crypto exchange last week, according to Bloomberg.
  • Sam Bankman-Fried’s ex-roommate Nishad Singh could become the 3rd best FTX executive to strike a deal.
  • Prosecutors hope Singh will shed light on Bankman-Fried’s political donations, according to Bloomberg.

Another former top FTX executive may be close to reaching a settlement with US prosecutors investigating a fraud case against disgraced former CEO Sam Bankman-Fried.

Nishad Singh met with prosecutors from the U.S. Attorney’s Office for the Southern District of New York last week, according to a Bloomberg report citing people familiar with the matter.

Singh, who was the engineering director of the crypto exchange at the time of its collapse, met with authorities in a so-called “pitch session,” according to the report. During these sessions, individuals are usually offered limited immunity to encourage them to speak freely to prosecutors. He has not been charged with any wrongdoing.

If a deal is reached, Singh would become the third Bankman-Fried ally to agree to cooperate with US authorities’ ongoing investigation into FTX.

Gary Wang, who was the exchange’s chief technology officer, and Caroline Ellison, who was CEO of FTX’s sister trading company, Alameda Research, both pleaded guilty to fraud charges in December.

Singh attended high school with Sam Bankman-Fried’s younger brother, Gabe. He worked as an engineer at Facebook before joining FTX, according to a LinkedIn profile that has now been deleted.

The 27-year-old lived in a penthouse in the Bahamas with other FTX executives and was reportedly one of four executives who knew FTX was lending funds to customers in Alameda, along with Bankman-Fried, Ellison and Wang.

He held a 7.8% stake in the company, including FTX subsidiary FTX.US, and received a $543 million loan from Alameda, according to the crypto group’s bankruptcy filings.

Prosecutors hope Singh will provide them with information about Bankman-Fried’s donations to Democratic political campaigns, Bloomberg reported.

Bankman-Fried donated $40 million to political campaigns in the 18 months leading up to the 2022 US midterm elections. He has since been charged with eight counts, including conspiracy to defraud the United States and violate campaign finance laws.

Singh himself has donated more than $9.3 million to Democratic candidates since 2020, according to Bloomberg. In April 2021, he reportedly donated $1 million to Mind the Gap, a political action committee founded by Bankman-Fried’s mother, Barbara.

The U.S. Attorney’s Office and Singh’s attorney, Andrew D. Goldstein, did not immediately respond to requests for comment. Singh could not be reached for comment.

Read more: FTX fraud investigators are digging deeper into Sam Bankman-Fried’s inner circle – and reportedly ex-engineer Nishad Singh in their sights

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