Former Cred executive indicted on telegraphic transfer fraud and other charges
2024-05-03 22:58:59
Three former executives of bankrupt cryptocurrency lender Cred have been charged with conspiracy to commit telegraphic transfer fraud, telegraphic transfer fraud, and engaging in financial transactions for illegal purposes. Cred co-founder and former CEO Daniel Schatt, former CFO Joseph Podulka, and former Chief Capital Officer James Alexander have been indicted by the U.S. Attorney's Office for the Northern District of California. Schatt and Podulka were allegedly arrested and made their first appearance in a San Francisco court.
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