The former head of engineering at Sam Bankman-Fried’s bankrupt cryptocurrency firm owned up to fraud charges on Tuesday, federal prosecutors said.
Nishad Singh, 27, pleaded guilty in Manhattan federal court to wire fraud, conspiracy to commit commodities fraud, conspiracy to commit money laundering, conspiracy to make unlawful political contributions, defrauding the Federal Election Commission and other related charges.
“Today’s guilty plea underscores once again that the crimes at FTX were vast in scope and consequence. They rocked our financial markets with a multibillion-dollar fraud,” Manhattan U.S. Attorney Damian Williams said.
