[Former CEO and CFO of Crypto Lending Firm Cred LLC Sentenced to Years in Prison for Wire Fraud Conspiracy] Foresight News reports that U.S. District Court Judge William Alsup has sentenced former CEO of crypto lending firm Cred LLC, Daniel Schatt, and CFO Joseph Podulka to 52 months and 36 months of federal imprisonment, respectively, for wire fraud conspiracy. According to their plea agreements, the two conspired to present incomplete, overly optimistic, and misleading business conditions to Cred customers while concealing critical negative information about Cred's operational difficulties and risks.