A Mercer Island man was convicted of four counts of wire fraud after stealing $35 million from a former employer to fund his cryptocurrency business, and ultimately lost all of the funds.
Nevin Shetty, 41, was found guilty after a nine-day jury trial, where jurors deliberated for approximately 10 hours before finding Shetty guilty, the Department of Justice (DOJ) announced.
“This defendant exploited his position of power and trust in an attempt to profit from his crime and then lied to cover it up,” U.S. Attorney Neil Floyd stated. “I am proud of the work of our attorneys and support staff, who calmly and carefully helped the jury see through film of lies the defense used to try to justify what was, at its core, theft.”…