$BTC Former Executives of Crypto Lending Company Cred Admit to Telecommunications Fraud Charges】According to Golden Finance, as reported by Cointelegraph, the former CEO Daniel Schatt and CFO Joseph Podulka of the now-bankrupt crypto lending platform Cred have admitted to telecommunications fraud charges in a federal court in California. Under the plea agreement, the two admitted to misleading customers into lending money by selectively disclosing information, resulting in user losses of $65 million to $150 million. The
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