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She made totally false claims about her technology to investors; claiming they were performing tests with their own tech when they were using outside tech. That
by ebbv 9y ago
She made totally false claims about her technology to investors; claiming they were performing tests with their own tech when they were using outside tech. That seems like fraud to me?
The reality is she's too well connected and wealthy to see any jail time, though.
- sjg007 9y agoLead investor was a friend of her family if I remember the news correctly. I think there is also some deal to remunerate the investors with more shares in exchange for not filing a civil suit, but that might liquidate the company. Not sure if the SEC has weighed in yet or if there are financial crimes. Maybe. Maybe there is hope the business can turn around. They have enough cash that they could buy a promising new technology/business.