CoinVoice has learned that U.S. District Judge Michael P. Shea recently sentenced 31-year-old West Hartford resident Dylan Meissner to 48 months in prison for stealing over $4.4 million from his former employer. Meissner previously worked at a cryptocurrency research firm as vice president of finance and had access to the company's cryptocurrency wallets and bank accounts.
Meissner obtained a loan of 50 Ethereum (approximately $170,000) from the company in early 2022, claiming he would use the funds to avoid losses in personal crypto investments. However, between February and November 2022, Meissner began misappropriating company funds to compensate for personal trading losses and covered up his actions with false records. Ultimately, he embezzled approximately $4,461,828 through this scheme.
Judge Shea also ordered Meissner to pay $4,633,424.99 in restitution, which includes the stolen funds and unpaid loans. Meissner was released on a $100,000 bail and is set to report to prison on February 21. [Original link]