Dylan Meissner, 31, was sentenced on Tuesday in Hartford to 4 years in jail for stealing tens of millions of {dollars} from his former employer.
HARTFORD, Conn. — A former cryptocurrency executive from Westport who stole greater than $4 million from his employer was sentenced to 4 years imprisonment in Hartford on Tuesday, in line with a release from the U.S. Attorney for the District of Connecticut.
Dylan Meissner, 31, could have his jail sentence adopted by two years of supervised launch.
Court docket paperwork and statements made in courtroom revealed that Meissner was employed at a cryptocurrency analysis agency as vp of finance. On this position, he had entry to the agency’s cryptocurrency wallets and financial institution accounts.
Prosecutors say that round January 2022, Meissner acquired a 50 Ethereum mortgage value roughly $170,000 from his employer. He allegedly mentioned he would use the funds to keep away from a considerable loss in cryptocurrency investments he made utilizing his personal cash.
In keeping with prosecutors, from that time till his termination in November 2022, Meissner tried to counteract main private buying and selling losses by fraudulently diverting his employer’s funds to his personal use. He coated up his actions by creating false entries within the agency’s books and data.
By way of the scheme, prosecutors say Meissner stole roughly $4,461,828 from his employer.
A U.S. District Choose this week ordered Meissner to pay restitution of $4,633,424, together with the cash he stole from his employer and the mortgage he didn’t repay.
Meissner is free on a $100,000 bond and should report back to jail on Feb. 21, 2025.
The Federal Bureau of Investigation led the investigation.
Dalton Zbierski is a digital content material producer and author at FOX61 Information. He will be reached at dzbierski@FOX61.com.
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