Ex-CFO who stole $5M to commerce crypto and ‘meme shares’ will get 3 years in jail

The previous chief monetary officer of a particular goal acquisition firm (SPAC) was sentenced to a few years in jail after embezzling $5 million, which he used to commerce cryptocurrencies and “meme shares.“

An April 27 press launch from the US Division of Justice stated Cooper Morgenthau, the previous chief monetary officer of African Gold Acquisition Company (AGAC), embezzled greater than $5 million from three totally different SPACs: AGAC, Strategic Metals Acquisition Company I (SMAC I) and Strategic Metals Acquisition Company II between June 2021 and August 2022.

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