Indian-origin ex-CFO accused of stealing $35 mn pleads not guilty

Nevin Shetty, the 39-year-old Indian-origin ex-CFO of Seattle-based startup Fabric, has pleaded not guilty to siphoning $35 million from the startup to invest in a crypto venture. Shetty lost the money he siphoned due to last year's crypto market crash, according to a federal indictment. Shetty had transferred the money to a crypto platform he controlled as a side business.