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Former cryptocurrency exec from Westport stole $4.46 million

July 21, 2024
Reading Time: 4 mins read
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Former cryptocurrency exec from Westport stole $4.46 million

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Dylan Meissner, 31, pleaded responsible in Hartford federal courtroom on Thursday to a wire fraud offense after stealing thousands and thousands from his former employer.

HARTFORD, Conn. — Earlier this week, a former cryptocurrency govt from Westport pleaded responsible in Hartford federal courtroom to a fraud offense after stealing thousands and thousands of {dollars} from his former employer, in accordance with a release from the U.S. Attorney for the District of Connecticut.

Dylan Meissner, 31, pleaded responsible on Thursday to the wire fraud offense after stealing roughly $4.46 million, prosecutors mentioned.

Courtroom paperwork and statements observe that Meissner was employed at a cryptocurrency analysis agency as vice chairman of Finance with entry to the agency’s cryptocurrency wallets and financial institution accounts.

Round January 2022, Meissner acquired a 50 Ethereum mortgage amounting to roughly $170,000 from his employer, the discharge mentioned. Meissner mentioned he would use the funds to keep away from a considerable loss in particular cryptocurrency investments he made utilizing his private funds, in accordance with prosecutors.

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From February 2022 till his termination in November of that 12 months, Meissner fraudulently diverted his employer’s funds to his personal use and lined up his conduct by false entries within the agency’s books and data in continued makes an attempt to counteract vital private losses, prosecutors mentioned.

Based on prosecutors, Meissner stole round $4,461,828 from his employer.

On Thursday, Meissner pleaded responsible to wire fraud, which carries a most jail time period of 20 years. He can be sentenced on Oct. 11 and faces a restitution order of $4,633,424, which incorporates the cash he stole from his employer and the mortgage he didn’t repay, prosecutors mentioned.

The discharge famous that Meissner is launched on a $100,000 bond pending sentencing. The case is being investigated by the Federal Bureau of Investigation.

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Dalton Zbierski is a digital content material producer and author at FOX61 Information. He may be reached at dzbierski@FOX61.com. 

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