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Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried

  • An ex-FTX executive was spared a prison sentence for cooperating against Sam Bankman-Fried, as noted by Judge Lewis A. Kaplan, who called his cooperation 'remarkable.'
  • The ex-FTX executive, Singh, expressed being 'blindsided and horrified' upon learning the full extent of the fraud perpetrated by his firm.
  • Singh's defense emphasized that he only discovered the fraud two months before FTX declared bankruptcy in November 2022.
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