USA v. Schatt et al

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Case overview

Case Number:

3:24-cr-00243

Court:

California Northern

Nature of Suit:

Judge:

William Alsup

Firms

  1. May 13, 2025

    Crypto Platform's Ex-Brass Plead Guilty To $150M Fraud

    Two former executives behind bankrupt cryptocurrency investment platform Cred Inc. pled guilty Tuesday in California federal court to conspiracy to commit wire fraud, admitting they gave customers "an unreasonably positive" portrayal of the business ahead of a collapse that prosecutors say wiped out up to $150 million in customer crypto.

  2. May 06, 2024

    Crypto Platform's Ex-Brass Charged With $783M Fraud

    Three former executives behind bankrupt cryptocurrency investment platform Cred Inc. face wire fraud and money laundering charges after they allegedly lied to customers about the firm's lending and investing practices ahead of a collapse prosecutors say wiped out $783 million in customer crypto.