NEW
YORK
–
Nishad
Singh,
former
director
of
engineering
at
FTX
and
a
one-time
member
of
Sam
Bankman-Fried’s
inner
circle,
was
sentenced
to
time
served
by
a
federal
judge
on
Wednesday,
meaning
he’s
not
going
to
prison
like
his
former
colleagues.
He
was
also
ordered
to
pay
$11
billion
in
restitution.
Singh,
29,
who
pleaded
guilty
to
six
criminal
counts
including
wire
fraud
and
conspiracy
in
February,
is
the
fourth
FTX
executive
to
be
sentenced
for
his
role
in
the
fraud.
Bankman-Fried
was
sentenced
to
25
years
in
prison
in
March
for
his
role
as
ringleader.
Former
FTX
Digital
Markets
CEO
Ryan
Salame,
who
did
not
testify
against
Bankman-Fried,
recently
began
serving
his
7.5
year
prison
sentence.
And
Caroline
Ellison,
former
Alameda
Research
CEO
and
one-time
girlfriend
of
Bankman-Fried,
was
sentenced
to
two
years
by
the
same
judge,
District
Judge
Lewis
Kaplan
of
the
Southern
District
of
New
York
(SDNY),
last
month
–
her
sentence
heavily
discounted
by
her
prompt
and
extensive
cooperation
with
prosecutors.
