Former Cred exec sentenced to prison for $150 million crypto fraud
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最新报道：According to Bijie.com, Cred's former CEO Daniel Schatt has been sentenced to 52 months in federal prison, while its former CFO Joseph Podulka has been sentenced to 36 months and fined $25,000 each for their roles in the $150 million fraud scheme involving the crypto lending platform. Both individuals pleaded guilty in May of this year, admitting to concealing the company's financial difficulties before the 2020 market crash and transferring over 80% of customer assets to high-risk lending programs run by affiliated companies, resulting in losses for approximately 440,000 users.
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