Former Cred CEO sentenced to 52 months in prison for cryptocurrency fraud According to Decrypt, Daniel Schatt, former CEO of the bankrupt cryptocurrency lending company Cred, has been sentenced to 52 months in prison and Joseph Podulka, former CFO, has been sentenced to 36 months for involvement in a $150 million cryptocurrency fraud case. Legal experts say that this case sets a new precedent for holding executives accountable in cryptocurrency fraud cases.