SPAC CFO Sentenced to Prison for Embezzling $5M

Cooper Morgenthau, former CFO of African Gold Acquisition Corporation, was sentenced to three years in prison for embezzling $5 million from three different SPACs. Morgenthau used the embezzled funds to trade cryptocurrencies and meme stocks, losing almost all of the money. He then provided falsified documents to the company’s accountants and raised $4.7 million from private investors based on fraudulent claims. Morgenthau has been ordered to forfeit $5.1 million and pay restitution of the same amount. (Read More)

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

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Animoca Brands Hires Jared Shaw as New CFO

In the latest update, Animoca Brands said it has hired Jared Shaw as its new Chief Financial Officer (CFO). (Read More)

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24TH Edition of CFO Leadership Summit IndiaPhysical Conference on 22ND September 2022

After successful 23 Editions of CFO Leadership Summit,Exitois all set to host another milestone event – which serves as an

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Celsius makes a u-turn on rehiring ex CFO

Embattled crypto firm Celsius Network has discontinued its move to rehire ex-Chief Financial Officer (CFO) Rod Bolger. Previously, the firm intended to bring the ex-CFO [...]

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BSCFomo: Hybrid ROI Decentralized App Built on the Binance Smart Chain

The term “Dapps” (Decentralized Applications) has gained traction in the crypto sphere in the last couple of years. A dApp

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Kraken’s new CFO has a clear track record except for one

California-based crypto exchange Kraken has recently appointed its new chief financial officer Carrie Dolan. As per the press release, Dolan is a financial services veteran in fast-growing consumer fintech and Fortune 500 firms. Dolan replaced its former CFO, Kaiser Ng, who held the position for five years, until January 2022, when he left to join […]

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Former Lyft CFO Steps Down To Pursue NFT Career With OpenSea

A former Lyft executive is jumping ship to get involved with crypto, NFT, and web3.0. Covered: New Position For The Former Lyft CFO Where Does NFT Sentiment Stand?  Business executives from nearly every industry you can think of have left the legacy system to join the digital renaissance. As Non-fungible tokens (NFTs) and digital scarcity […]

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Tesla Announces CFO Transition: Vaibhav Taneja to Succeed Zachary Kirkhorn

Tesla appoints Vaibhav Taneja as CFO, succeeding Zachary Kirkhorn, effective August 4, 2023, marking a new phase in leadership. (Read More)

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