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Kurt Schlosser / GeekWire

Former Fabric CFO Nevin Shetty Convicted of Wire Fraud for Diverting $35M to Crypto Business

Nevin Shetty, former CFO of Seattle startup Fabric, was convicted of wire fraud for diverting $35 million of company funds into a crypto side business, resulting in near-total loss. He faces sentencing in February 2026 and could receive up to 20 years in prison.

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Seattle Flow

Your front door to Seattle's startup scene.

Seattle's startup scene is scattered across a hundred feeds, newsletters, and calendars. Seattle Flow brings it together: the news, events, podcasts, and people, plus what the community is saying about them. Every link sends you to the source.

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