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Ex-Westport Exec Who Stole $4.4M From CT Company In Crypto Scam Gets 4 Years: Feds Ex-Westport Exec Who Stole $4.4M From CT Company In Crypto Scam Gets 4 Years: Feds
Ex-Westport Exec Who Stole $4.4M From CT Company In Crypto Scam Gets 4 Years: Feds A former Connecticut finance executive will serve four years in prison for embezzling more than $4 million from his employer in a slapdash cryptocurrency fraud scheme, federal authorities said.  Dylan Meissner, 31, was sentenced to 48 months in federal prison, followed by two years of probation, after he pleaded guilty to wire fraud charges, The US District Attorney for Connecticut said this week. Meissner must also repay the company $4,633,424.99 — $4.4 million of which he stole, and the rest is for a loan, authorities said.  As vice president of finance at a cryptocurrency …

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by Josh Lanier
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier