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Former CFO Indicted After Allegedly Losing $35,000,000 of His Employer’s Cash on Secret Crypto Investment
By Conor Devitt at 2026-06-28 02:35
Sentiment: Negative
A former chief financial officer (CFO) was indicted on Wednesday after he allegedly funneled $35 million worth of his employer’s cash into a secret crypto investment that promptly crashed in value to almost zero. Nevin Shetty, a resident of Mercer Island, Washington, joined the Bellevue-based e-commerce start-up Fabric in early 2021, according to an announcement […] The post Former CFO Indicted After Allegedly Losing $35,000,000 of His Employer’s Cash on Secret Crypto Investment appeared first on The Daily Hodl. Continue reading...
Categories: Regulators
Tags: #Regulators #Scams # Schemes and Hacks #Crypto #Department of Justice #DOJ #News
Source The Daily Hodl