- Rokas Tenys | Dreamstime
Singh pleaded guilty to six criminal charges related to his work at the bankrupt cryptocurrency exchange, including conspiracy to defraud the Federal Election Commission, money laundering and defrauding FTX customers. He is expected to cooperate in the government's ongoing criminal case against the company's founder, Sam Bankman-Fried.
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"I am unbelievably sorry for my role in all of this," Singh, the company's former director of engineering, said during a court hearing, Reuters reported.
During the homestretch of last summer's primary, Singh gave $1.1 million to a super PAC, the LGBTQ Victory Fund Federal PAC, which then spent nearly $1 million on mailers and digital ads urging voters to support Balint in her race against then-lieutenant governor Molly Gray. Singh's role in the ad blitz was not disclosed until after Election Day.
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Bankman-Fried has denied the charges.
The Balint campaign, which received personal donations from Singh and Bankman-Fried, said it did not solicit those contributions. The campaign also said it had no contact with the LGBTQ Victory Fund Federal PAC.
The campaign "is committed to fully cooperating with the U.S. Attorney’s investigation of Mr. Bankman-Fried and FTX," campaign manager Natalie Silver said. "As this is an ongoing investigation, we cannot comment further."
Singh was released on $250,000 bond pending sentencing. He reportedly agreed to forfeit the proceeds he earned from the FTX schemes.
Read the charges against Singh below:
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