Tag: singh
Powerlifter Inderraj Singh Dhillon (120KG) Deadlifts 385.5 Kilograms (849.8 Pounds) For British Powerlifting Record
Inderraj Singh Dhillon had the experience competing as a British powerlifter, and he had the requisite strength too. He just needed something new to hang his hat on as he rounds into form for the 2023 competitive season. Mission accomplished. On Mar. 16, 2023, during the 2023 British Powerlifting (BP) Eleiko British Open Classic Championships, Singh Dillon captured…
The post Powerlifter Inderraj Singh Dhillon (120KG) Deadlifts 385.5 Kilograms (849.8 Pounds) For British Powerlifting Record appeared first on Breaking Muscle.
FTX Ex-Engineering Chief Nishad Singh Pleads Guilty To Criminal Charges
“Today’s guilty plea underscores once again that the crimes at FTX were vast in scope and consequence,” Manhattan U.S. Attorney Damian Williams said in a statement. “They rocked our financial markets with a multibillion dollar fraud. And they corrupted our politics with tens of millions of dollars in illegal straw campaign contributions. These crimes demand swift and certain justice and that is exactly what we are seeking in the Southern District of New York.”
The Securities and Exchange Commission, as well as the Commodity Futures Trading Commission both filed related civil complaints against Singh on Tuesday. The SEC said in a release that Singh is cooperating with the agency’s ongoing investigation, and he has separately agreed to settle with the CFTC. Two of the criminal charges against Singh are related to wire fraud and another is conspiracy to commit commodities fraud.
Read more of this story at Slashdot.
FTX co-founder Nishad Singh pleads guilty to fraud and conspiracy charges
Nishad Singh, a co-founder of collapsed cryptocurrency exchange FTX, has pleaded guilty to US federal fraud and conspiracy charges. Singh, who was FTX’s director of engineering, is the third member of Sam Bankman-Fried’s inner circle to agree to cooperate with prosecutors in the case against him. Former executives Caroline Ellison and Zixiao “Gary” Wang previously pleaded guilty to fraud charges.
Singh pleaded guilty to six criminal counts, including wire fraud and conspiracy to defraud the US by violating campaign finance laws. He agreed to forfeit the proceeds of his actions, as Reuters reports. Bankruptcy filings showed that Singh received a $543 million loan from Alameda.
Singh admitted to making illegal donations to political candidates and PACs under his name using funds from Alameda Research (FTX’s sibling hedge fund and crypto trading firm). He claimed the donations were intended to bolster the political influence of FTX and Bankman-Fried (aka SBF), according to The Wall Street Journal. Singh added that he agreed with the stances of those he donated to but didn’t pick the candidates. Per OpenSecrets, he contributed $8 million to Democratic PACs and campaigns during the 2022 election cycle.
Moreover, Singh said he found out in mid-2022 that Alameda was borrowing billions of dollars in customer funds from FTX. It emerged by September that Alameda wasn’t able to repay those funds. Singh additionally claimed that he falsified FTX’s revenues at SBF’s behest to make the company more palatable to investors.
SBF now faces 12 criminal charges after an indictment detailing four additional ones was unsealed last week. Among other things, he has been accused of stealing billions of dollars in FTX customer funds and misleading investors and lenders. Notably, in light of Singh’s plea, the charges include alleged violations of federal campaign finance laws by donating to a super PAC under the names of two executives. SBF, who was arrested and extradited from the Bahamas in December, has pleaded not guilty to the charges. His trial is set for October.
On the same day Singh made his guilty plea, the Securities and Exchange Commission and Commodity Futures Trading Commission filed civil complaints against him. The agencies said Singh is cooperating with the SEC’s ongoing investigation and that he agreed to settle with the CFTC.
This article originally appeared on Engadget at https://www.engadget.com/ftx-co-founder-nishad-singh-pleads-guilty-to-fraud-and-conspiracy-charges-192939749.html?src=rss
Meet Jaz Singh, CEO & Founder at Agricultural Technology Company: Innovation Agri-Tech Group
Innovation Agri-Tech Group (IAG) is a British agricultural technology company which provides cutting-edge solutions to compliment the traditional challenges of…
The post Meet Jaz Singh, CEO & Founder at Agricultural Technology Company: Innovation Agri-Tech Group appeared first on TechRound.