Joseph Podulka
Former CFO of the crypto lender Cred. He pleaded guilty in 2025 to wire-fraud conspiracy over Cred's misleading marketing and was sentenced to 36 months in prison.
Also known as: Joseph Podulka
Bio
Joseph Podulka was Cred LLC's chief financial officer. Per his plea, he joined the conspiracy to give customers a misleadingly positive picture of Cred while concealing its business challenges and risks. [1][2]
Legal outcome
Podulka pleaded guilty to wire-fraud conspiracy on May 13, 2025, and was sentenced in September 2025 to 36 months in prison plus a $25,000 fine and supervised release. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
Evolved Apes (NFT)ProjectsAn NFT collection launched on OpenSea in September 2021 that promised a fighting game. About a week later its anonymous developer 'Evil Ape' vanished with 798 ETH (~$2.7M). In June 2024 U.S. prosecutors charged three U.K. nationals over the scheme.
This page was last updated on Jun 15, 2026. View revision history.