US EditionFormer CFO Convicted for $35M Fraudulent Crypto Investment
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4 Articles
Former CFO Convicted for $35M Fraudulent Crypto Investment
The post Former CFO Convicted for $35M Fraudulent Crypto Investment appeared on BitcoinEthereumNews.com. Key Points: Nevin Shetty misappropriated $35 million in funds for cryptocurrency investments. The collapse of TerraUSD and Luna resulted in significant financial losses. Highlights the need for stronger financial oversight and regulatory scrutiny. Nevin Shetty, ex-CFO of Fabric in Washington, was convicted of wire fraud for secretly diverting…
Bitcoinist
Crypto Scandal: Ex-CFO Convicted For $35 Million Fraud
The ex-CFO of a private software company has been declared guilty of wire fraud after using the company’s cash to fund a cryptocurrency side business. Crypto Side Hustle Gone Wrong In a recent press release, the US Attorney’s Office, Western District of Washington, announced the conviction of Nevin Shetty, who misappropriated $35 million belonging to his former employer. The 41-year-old man from Mercer Island, Washington, resumed as the CFO of a…
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