Two former executives of the bankrupt crypto lending service Cred have pleaded guilty to wire fraud connected to the company’s collapse. Former Cred CEO Daniel Schatt and chief financial officer Joseph Podulka admitted to wire fraud as part of a plea deal with prosecutors, according to a May 13 text filing in a California District Court. District Judge William Alsup accepted the plea deals and set a sentencing hearing for Aug. 26
source: https://cointelegraph.com/news/former-execs-crypto-lender-cred-plead-guilty-wire-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound