2024-10-31
NEWS: Nishad Singh, an early and key cooperator in the criminal fraud case against Sam Bankman-Fried sentenced to TIME SERVED, and 3 years of supervised release, in light of his immediate and substantial cooperation.
New York Times
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors
New York Times :
2023-10-12
Bankman-Fried considered borrowing money from Crown Prince of Saudi Arabia Mohammed bin Salman to bail out the billions of dollars Alameda took from FTX customer deposits, Ellison testifies.
Bloomberg
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about t...
Day 5 of Sam Bankman-Fried criminal fraud trial continues Wednesday morning with direct testimony from former Alameda Research CEO Caroline Ellison. SBF's “utilitarian” justifications for accruing wealth “made me more willing to do things like lie or steal over time,” she said. [image]
Bloomberg
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about t...