Background

Nevin Shetty was the CFO of Fabric, a venture-backed ecommerce startup. In 14 months, he helped grow the company from 50 to 350 employees and raised over $240 million—reaching a $1.5 billion valuation.

But in early 2022, facing a budget mandate from the Board and competing priorities from the CEO, Nevin invested $35 million of the company’s $200+ million cash into a yield-bearing account at HighTower Treasury, where he was a minority owner.

Nevin believed so strongly in the stablecoin’s safety that he also invested 75% of his personal investment fund, Chrono Capital—which included his life savings—into a HighTower Treasury account.Six weeks later, the investment collapsed when Terra Luna—a $60 billion cryptocurrency network—imploded.

Nevin lost his career, his life savings and eventually, his freedom.But he is not a thief. He did not steal a single dollar. The indictment itself calls his actions an "investment" 16 times.*****
Nevin's prison sentence separates him from his two young daughters and his $70 million in restitution and forfeiture—an insurmountable debt prevents him from rebuilding his life and contributing meaningfully to society.

The Injustice

Ordinary Conduct Criminalized in Hindsight

Nevin was CFO with sole authority to transfer and invest corporate funds—no notification or approval was required from CEO or the Board. After making the $35 million investment on Fabric’s behalf:

Why This Matters

During the Biden administration, the DOJ's war on crypto led to the prosecution and imprisonment of well-meaning entrepreneurs like Nevin—for activity that isn't illegal today.
That overreach must end. End the war on crypto.This case is more than about Nevin. It’s about criminalizing business decisions based on hindsight bias. A CFO’s bad investment—even a self-interested one—does not constitute wire fraud.The Biden DOJ's overbroad interpretation of wire fraud empowered federal prosecutors to enforce their view of integrity and transform internal company policies into trip wires for criminal liability.For business leaders and investors alike, under the precedent set against Nevin, any failed business decision could be weaponized as unauthorized and deemed criminal—an acquisition gone wrong, a strategic partnership that fails, or a key hire goes awry could be prosecuted as criminal.

About Nevin

Nevin Shetty has a proven track record of creating jobs, building businesses and creating wealth for investors.

Career Stats

- Scaled businesses across three industries
- Created over 400 jobs
- Raised more than $300 million from institutional investors
- Generated over $1.5 billion of shareholder value

Community Service

- Served as Board member for a non-profit providing clean water to 400,000 children daily
- Volunteered 100+ hours at a national non-profit digital education platform
- Tutored disenfranchised youth to earn their GED through a regional non-profit
- Volunteered in his daughter's kindergarten chess class

Quotes From Colleagues

- "Nevin is one of the most detail-oriented and driven leaders I have collaborated with."
- "His energy and spirit always lift those around him."
- "He arrives without judgement and wanting to help."
- "Nevin is a man of both principle and talent."

Fatherhood

Nevin cares for his two young daughters, ages 6 and 4 — both of whom suffered from dysphagia, a serious medical condition affecting their ability to swallow. He manages their daily feeding, medical care, and school transportation.Because of the Biden administration's war on crypto,
Nevin will be taken away from his children when they need him most.

Overwhelming Penalty

1) Nevin has been rejected from over 100 jobs—including DoorDash, Uber, and McDonald’s
2) Nevin has been rejected from volunteer roles—including The Crisis Hotline and a learning center
3) Nevin faces permanent insolvency—$70 million in restitution and forfeiture penalties he can never pay
4) Nevin is statutory restricted from entire professionsWithout a pardon, he cannot:
- Earn a living wage
- Support his daughters
- Fully rejoin societyGrant a pardon. Restore a life.

How You Can Help

www.freenevinshetty.com exists for one reason:To give Nevin a chance to rebuild his life, be seen as a father, serve his community, and contribute to society.Here’s how you can help—just one simple thing:
1. Regardless of how many followers or how active you are,
on X / Twitter, post #freenevinshetty and link to this website.

FAQ’s

COURT DOCUMENTS

A chronological record of public court filings, press releases, and related documents from United States v. Nevin Shetty. Each entry links to the public record source document.

NEWS