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Ex-CFO sentenced for wire fraud after diverting $35 million to a cryptocurrency platform.

Ex-CFO Gets 2 Years for Diverting $35M Startup Cash to Crypto

March 7, 2026 Jackson Miller

A federal judge in Seattle sentenced former chief financial officer Nevin Shetty to two years in prison on Thursday, March 12, 2026, for wire fraud. Shetty secretly diverted $35 million from a local technology startup to his personal cryptocurrency venture in 2022. The U.S. Department of Justice secured the conviction after a nine-day jury trial […]