Ex-CFO Convicted in $35 Million Crypto Fraud Scandal
Ex-CFO Convicted in $35 Million Crypto Fraud Scandal
A former Chief Financial Officer of a private software company has been found guilty of wire fraud. The conviction stems from the executive's use of company funds, amounting to $35 million, to finance a personal cryptocurrency side business. This case highlights ongoing concerns regarding financial misconduct within the broader crypto industry.
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. Related Reading: EU’s Centralized Crypto Oversight Push Could Bring ‘Legal Uncertainty’, Says Industry Group Crypto Side Hustle Gone Wrong In a recent press release, the US Attorney’s Office, Western District […]