Investor Trust collapses as cryptographic executives get a prison sentence for a fraud of $ 1 billion - AdLunam

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Investor Trust collapses as cryptographic executives get a prison sentence for a fraud of $ 1 billion

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Altcoin Observer

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- September 2, 2025 at 4:56 am
  
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  Altcoin Observer
  
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  According to investors and customers, former CRED CEO Daniel Shatt and CFO Joseph Podulka were sentenced to prison for fraud related to over $1 billion in cryptocurrency. They misled customers by presenting an optimistic view of CRED’s financial health while hiding risks. The fraud began in 2020 during the pandemic when CRED’s coverage partner withdrew, leaving the company exposed. The case sets a precedent for holding executives accountable for cryptocurrency fraud, highlighting the need for stronger regulations in the industry.
  
  Investor Trust collapses as cryptographic executives get a prison sentence for a fraud of $ 1 billion
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