According to Decrypt, a federal judge has sentenced two former executives of the bankrupt crypto lending firm Cred to a total of nearly eight years in prison for actions that led to one of the worst investor losses in the history of the crypto industry. Legal experts say the verdict sets a new precedent for executive accountability in crypto fraud cases.
The former CEO and co-founder of Cred LLC, Daniel Schatt, was sentenced to 52 months in federal prison, while the company's chief financial officer, Joseph Podulka, was sentenced to 36 months.
Former Cred CEO Sentenced to 52 Months in Prison for $150 million Cryptocurrency Scam
2025-09-01 10:21:23
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