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Seattle startup’s ex-CFO accused of diverting $35M, losing it in crypto crash

27 点作者 abrinz将近 2 年前

6 条评论

stcroixx将近 2 年前
Diverted? Took employers money without permission? Why won’t they just use the word we have that describes this?!
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dboreham将近 2 年前
To save time reading the content-free article, the indictment itself says:<p>He personally, and without approval, transferred $35M of company funds to a second company he owned jointly with another person.<p>He then invested that money in UST, which subsequently crashed.<p>So in addition to &quot;don&#x27;t put all your money in SVB&quot;, start ups need to add : &quot;don&#x27;t setup signing authority on your bank accounts such that one person can drain tens of millions&quot;.
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dboreham将近 2 年前
Source: <a href="https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-wdwa&#x2F;pr&#x2F;former-company-chief-financial-officer-indicted-using-35-million-company-cash-invest" rel="nofollow">https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-wdwa&#x2F;pr&#x2F;former-company-chief-fi...</a>
paulpauper将近 2 年前
<i>The indictment in U.S. District Court charged Shetty with four counts of wire fraud. He is scheduled to be arraigned May 25.<p>Shetty’s attorney, Cooper Offenbecher, said in an emailed statement that he and his client had been in regular contact with prosecutors and disagreed with the decision to bring an indictment.</i><p>Damn...that is like 80 years, and even if the charges run concurrently and with plea, that may still 10 years easily (no parole in feds, only 15% reduction of time at best). Meanwhile kill someone on subway and only get 3 with parole. It&#x27;s interesting how the legal system works that way. Except for pre-meditated murder, violent crimes tend to be punished less severely compared to fraud.
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pinewurst将近 2 年前
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;ViLef" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;ViLef</a>
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raincom将近 2 年前
How many years will Nevin Shetty end up spending in the federal penitentiary?