Ex-CFO gets 3 years prison for stealing from SPACs to trade meme stocks, cryptocurrencies

Cooper Morgenthau, 36, of Fernandina Beach, Florida, pleaded guilty to one count of wire fraud in January. He was sentenced by U.S. District Judge Paul Engelmayer in Manhattan federal court. Morgenthau also agreed to forfeit $5.11 million in money earned from the scheme and pay an equal amount in restitution.