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CFO Convicted for Losing $35 Million of Company Money in Crypto Side Hustle
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CFO Convicted for Losing $35 Million of Company Money in Crypto Side Hustle
In brief Nevin Shetty, former CFO of a software firm, was convicted of wire fraud for secretly moving $35 million in company funds into his own crypto platform after learning he’d be fired. He put the money into risky DeFi lending protocols, briefly earning profits before the Terra collapse wiped out the investment to near-zero. A federal jury in Seattle found him guilty on four counts; he’ll be sentenced in February and faces up to 20 years in …
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