Ex-FTX executives who testified against Bankman-Fried to be sentenced
NEW YORK (Reuters) -Sentencing hearings personal been scheduled for two former executives of bankrupt cryptocurrency trade FTX who testified against founder Sam Bankman-Fried, court docket info showed on Tuesday.
Nishad Singh will be sentenced on Oct. 30 and Gary Wang will be sentenced on Nov. 20 in The big apple federal court docket. Every pleaded responsible to fraud.
Bankman-Fried in March changed into once sentenced to 25 years in penitentiary after being convicted closing three hundred and sixty five days of stealing $8 billion from FTX possibilities, in what prosecutors known as regarded as one of many finest monetary frauds in U.S. ancient previous.
Prosecutors are expected to ask U.S. District Think Lewis Kaplan to take Singh’s and Wang’s cooperation under consideration when determining their punishments.
