Tag: HighTower

On 25 May 2017, Nevin Shetty, 39, was arraigned in U.S. District Court on the indictment of wire fraud and misusing funds and pleaded not guilty. He was the former CFO of Seattle-based startup Fabric when he allegedly diverted approximately $35 million to his crypto side business, HighTower. Fabric raised $140 million in a Series C funding round led by SoftBank and attained a valuation of $1.5 billion last year.