Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced This Fall
Nishad Singh and Gary Wang both pled guilty to criminal fraud charges and testified against their former boss, Sam Bankman-Fried, last year.
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FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets
Attorneys for the victims said the bankruptcy process has left FTX customers feeling “aggrieved and robbed.”
Financial
Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison
Salame’s lawyers had asked for 18 months.
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Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Salame’s attorneys highlight that he wasn’t involved in the core fraud perpetuated by Sam Bankman-Fried, and he has had nearly his entire net worth destroyed by the implosion of FTX.
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DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg
The white-shoe law firm’s handling of the FTX bankruptcy case has been controversial.
Financial
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
Gruhn said he bought the watch for his wife, Maren Gruhn, and that they would display the watch in museums, according to the report.
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Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Bankman-Fried’s one-time friends and co-defendants Caroline Ellison, Gary Wang, and Nishad Singh have already settled with the investors.
Financial
Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
CFTC chief Rostin Behnam previously disclosed there were meetings and messages with FTX’s Sam Bankman-Fried, but he hasn’t granted another senator’s call to see all the records.
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LIVE: Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case
Bankman-Fried was convicted on seven different fraud and conspiracy charges last year.