May 17, 2023 · Nevin Shetty, 39, is scheduled for arraignment on the indictment on May 25, 2023. According to the indictment, Shetty was hired as the CFO of a private company in March 2021. The company was raising capital for its work in multiple rounds of funding.

May 18, 2023 · Ex-Fabric CFO Nevin Shetty funneled around $35 million in company funds to a crypto business he controlled, according to the indictment, filed in U.S. District Court in Seattle.

May 26, 2023 · Nevin Shetty, the former CFO of Seattle e-commerce startup Fabric charged with funneling company funds to his crypto business, pled not guilty to all four charges of fraud in his first court...

May 25, 2023 · Mercer Islander Nevin Shetty, 39, was arraigned in U.S. District Court in Seattle on May 25 on the indictment of wire fraud and misusing funds and pleaded not guilty, according to the U.S. Department of Justice. His trial was set for July 24.

5 days ago · The wire fraud case against Nevin Shetty, former CFO of Fabric, is raising alarms among legal scholars and business executives alike. Prosecutors accuse Shetty of funneling $35 million of Fabric’s

May 18, 2023 · U.S. Attorney Nick Brown announced that Nevin Shetty, 39, was indicted for wire fraud and taking and misusing the funds while serving as chief financial officer (CFO) for a private start-up company in 2021 and 2022, according to a U.S. Department of Justice news release.

May 18, 2023 · Thirty-nine-year-old Nevin Shetty was hired in 2021 as CFO of fabric, which makes software platforms for retail commerce. The indictment says that about a year later, after the company informed him it was letting him go, he transferred the money to a crypto platform he controlled as a side business.

May 18, 2023 · The former chief financial officer of a Seattle-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto...

May 31, 2023 · SEATTLE: The former chief financial officer of a Seattle-based start-up took $35 million of his employer 's money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by a grand jury Wednesday.

May 18, 2023 · The former chief financial officer of a Seattle-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the …