Software CFO Embezzles $35M, Loses All in Crypto

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author: CryptoNews

date: November 15, 2025

1 min. read

A software company CFO, Nevin Shetty, has been convicted after embezzling a staggering $35 million from company coffers. According to reports, Shetty transferred the funds to his personal cryptocurrency platform with the intention of investing in DeFi (decentralized finance) projects. Unfortunately for Shetty, the risky ventures proved disastrous, and he lost the entire $35 million. His actions now carry severe consequences, as he faces a maximum sentence of 20 years in prison. This case highlights the significant risks associated with cryptocurrency investments, particularly within the volatile DeFi space, and serves as a stark warning against financial crimes. ```