SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission and the Commodity Futures Trading Commission are pressing charges against him.

Singh pleaded guilty in the U.S. District Court for the Southern District of New York to one count of wire fraud, one count of conspiracy to commit wire fraud on FTX customers, and one count of conspiracy to commit commodities fraud after reportedly reaching a deal with prosecutors.

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