Thursday, November 14, 2024
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Ex-CFO that stole $5M to trade crypto and ‘meme stocks’ gets 3 years prison

The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks."An April 27 press release from the Department of Justice (DOJ) said Cooper Morgenthau, the ex-CFO of African Gold Acquisition Corp.

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