Nishad Singh, the 27-year-old FTX executive who bankrolled a torrent of campaign ads boosting U.S. Rep. Becca Balint (D-Vt.) during last year's Democratic primary, admitted in federal court on Tuesday that his election contributions were fraudulent.

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.

https://www.sevendaysvt.com/vermont/crypto-exec-who-bankrolled-pro-balint-ads-pleads-guilty-to-straw-donor-scheme/Content?oid=37696696