Derived from CoinTelegraph, Dylan Meissner, former vice president of finance at Delphi Digital, was sentenced to four years in prison for embezzling $4.5 million from the cryptocurrency research firm. The sentencing was delivered by Connecticut District Court Judge Michael P. Shea on December 17, 2024. Meissner was also ordered to repay over $4.6 million, which includes the embezzled funds and an unpaid loan. The Justice Department noted that Meissner's actions were part of a sustained scheme rather than a momentary lapse in judgment. Meissner, who had access to Delphi's crypto wallets and bank accounts, admitted to wire fraud in July and was released on a $100,000 bond. He is required to report to prison on February 21, 2025. His lawyer cited his history of substance abuse and efforts to maintain sobriety as mitigating factors, but prosecutors argued that his actions were deliberate and rational.
Ex-Delphi VP Sentenced to 4 Years for $4.5M Embezzlement
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