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 prison.
A Washington man was convicted in a federal jury trial this week for taking tens of millions of dollars from the company he worked for—and losing nearly all of it in a botched crypto play.
Nevin Shetty, 41, was found guilty Thursday on four counts of wire fraud for taking and…
Nov 14 2025
