tldr; A former CFO in Washington, Nevin Shetty, was sentenced to two years in prison for wire fraud after stealing $35 million from his employer to fund a crypto project. Shetty diverted the funds to his HighTower Treasury platform for high-yield DeFi lending, promising returns of 20% or more. However, market turmoil caused the investments to collapse, leaving the funds nearly worthless. Shetty was fired after confessing to executives and was later fined $35 million and barred from serving as an officer or director of any company without approval.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
HappyPhase46Van on
ouchhhae – Juvenile
watch-nerd on
Isn’t that less than ice Barbie?
1moreanonaccount on
Get this man a pardon
Lemonlol55 on
Fat fk is gonna pardon him anyway.
Goatcheese1230 on
Imagine explaining to the board you aped $35M into DeFi for “20% yield.”
Existing_Office2911 on
Put him in charge of social security
thisaflex on
IF he gets 2 years ,what’s the woman Noemi or whatever getting for stealing $143M + $200M from taxpayers and campaign donations or whatever she stole from?
ivmo71 on
Someone can afford a pardon
GPThought on
stealing 35M to chase 20% returns is peak greed. couldve just bought btc and waited like everyone else
Flashy-Finger-8600 on
Is this a relative of Jay Shetty the podcaster?
Dmoan on
He was CFO of Fabric and they barely make around 100 mill in revenue. How could someone not notice all that $$ missing
12 Comments
tldr; A former CFO in Washington, Nevin Shetty, was sentenced to two years in prison for wire fraud after stealing $35 million from his employer to fund a crypto project. Shetty diverted the funds to his HighTower Treasury platform for high-yield DeFi lending, promising returns of 20% or more. However, market turmoil caused the investments to collapse, leaving the funds nearly worthless. Shetty was fired after confessing to executives and was later fined $35 million and barred from serving as an officer or director of any company without approval.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ouchhhae – Juvenile
Isn’t that less than ice Barbie?
Get this man a pardon
Fat fk is gonna pardon him anyway.
Imagine explaining to the board you aped $35M into DeFi for “20% yield.”
Put him in charge of social security
IF he gets 2 years ,what’s the woman Noemi or whatever getting for stealing $143M + $200M from taxpayers and campaign donations or whatever she stole from?
Someone can afford a pardon
stealing 35M to chase 20% returns is peak greed. couldve just bought btc and waited like everyone else
Is this a relative of Jay Shetty the podcaster?
He was CFO of Fabric and they barely make around 100 mill in revenue. How could someone not notice all that $$ missing