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by: xpoolPosted on: August 30, 2025

Cred LLC Leaders Sentenced For Crypto Fraud Case

Two former executives of San Francisco-based crypto lender Cred LLC have been sentenced to prison for their role in the company’s November 2020 collapse. Daniel Schatt, Co-Founder and CEO of Cred, was sentenced to 52 months in prison, while Joseph Podulka, Chief Financial Officer, received a 36-month sentence. Both were found guilty on charges of wire fraud conspiracy.

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Cred LLC Crypto Fraud Financial Crime

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