Several individuals involved in financial fraud cases have been sentenced for their crimes. A San Francisco developer who bribed building officials received no prison time. A finance boss was sentenced to eight-and-a-half years in prison for embezzling $8 million from a Long Island private school. Another individual, a start-up founder, received an 18-month prison sentence for fraud, raising $117 million in funding based on false information. Additionally, a Silicon Valley tech startup founder was sentenced to 1½ years in prison for fraud, while another Bay Area startup founder received 18 months in prison and a $1 million fine for fraudulent activities.
Bay Area startup founder gets 18 months prison time, $1 million fine for fraud https://t.co/YY3dR0f5SI
Silicon Valley tech startup founder sentenced to 1½ years in prison for fraud https://t.co/W0sRislb4Z
"His misrepresentations allowed him to raise $117 million in funding from top investment firms, valuing his start-up at $1.1 billion." Start-Up Founder Sentenced to 18 Months in Prison for Fraud https://t.co/TQCcLoKV75
Fraudster finance boss is sentenced to eight-and-a-half years in prison for stealing $8MILLION from $26,000-a-year Long Island private school to buy five waterfront mansions, 1965 Ford Mustang and jewelry https://t.co/CqFxUTwJjH https://t.co/MXTXPuAY5y
SF developer who bribed building officials gets no prison time https://t.co/BOKbcNpIsE