Former CEO Daniel Schatt and former CFO Joseph Podulka of the bankrupt cryptocurrency lending service platform Cred have pleaded guilty in California District Court to wire fraud charges. The two individuals concealed the company's financial difficulties and misled customers into investing, causing users to lose $65 million to $150 million. Judge William Alsup accepted the plea agreement and scheduled a sentencing hearing on August 26th, with the two facing up to 72 months and 62 months in prison, respectively. Cred filed for bankruptcy in November 2020, resulting in user losses of up to $150 million. (Cointelegraph) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=42424