Former Startup CFO Gets Two Years For $35 Million Crypto Fraud

Former startup CFO gets two years in prison: Nevin Shetty was sentenced Thursday for wire fraud involving $35 million from Fabric. The sentencing followed a conviction over money diverted into his own cryptocurrency business. Shetty, 42, of Mercer Island, Wash., received the sentence in U.S. District Court in Seattle. GeekWire reported the sentencing on Mar 5, 2026, with an update on March 6, 2026. Former Startup CFO Gets Prison And Repayment Order A jury found Shetty guilty last November of four counts of wire fraud after a nine-day trial.