Based on Coinotag, a Seattle jury convicted former CFO Nevin Shetty of wire fraud for diverting $35 million in company funds to a high-risk DeFi scheme in 2022, which collapsed amid market volatility. Shetty secretly transferred the funds to his entity, HighTower Treasury, violating corporate investment policies. The trial concluded on November 7, 2025, with sentencing scheduled for February 11, 2026. Shetty faces up to 20 years in prison.
Seattle Jury Convicts Ex-CFO in $35M Crypto Fraud Case
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