joseph podulka - Ex-Cred Executives Plead Guilty to $150M Crypto Fraud Scheme
Two former top executives of failed crypto lender Cred Inc. pleaded guilty Tuesday to federal charges of wire fraud conspiracy in a case that ultimately cost customers up to $150 million in crypto.
Daniel Schatt, Cred's co-founder and former CEO, and Joseph Podulka, its former CFO, admitted in a San Francisco federal court that they knowingly misled customers about the company's financial health and lending practices in 2020.
? KEY STATISTICS
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
??? POST-MATCH REACTIONS
"We showed great character," said the winning coach. "The team never gave up."
The losing side rued missed opportunities but vowed to come back stronger.