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Without admitting or denying the allegations in the SEC’s complaint, Rothenberg and Rothenberg Ventures agreed to settle the charges. The settlement is subject
by ajiang 8y ago
Without admitting or denying the allegations in the SEC’s complaint, Rothenberg and Rothenberg Ventures agreed to settle the charges. The settlement is subject to approval by the federal district court for the Northern District of California which would determine the amount of disgorgement and civil money penalties. Rothenberg also agreed to be barred from the brokerage and investment advisory business with a right to reapply after five years. An SEC order imposing the bar will be instituted following court approval of the settlement.
Fascinating, but not surprising, that it settled right away. I am curious whether the settlement details would be made available in any way.
- ciscoriordan 8y agoWhistleblower here. It took 25 months from when I reported the fraud until the settlement.
- munk-a 8y agoGood job and thanks for sticking your neck out!
- function_seven 8y agoI hope you were well compensated for going out on that limb. Thanks.
- kirillseva 8y agothe whistleblower gets some significant % of settlement
- throwawaymath 8y agoOut of curiosity, would you do it again? Has there been any damage to your professional life?
- jboggan 8y agoArticle is about the whistleblower/commenter above. https://www.bloomberg.com/news/articles/2017-05-09/he-blew-the-whistle-on-a-silicon-valley-highflier-then-came-the-blowback https://www.bloomberg.com/news/articles/2017-05-09/he-blew-t...
- zeusk 8y agoAvailable only for users with terminal access.
- larkinrichards 8y agoGoogle webcache text only works: http://webcache.googleusercontent.com/search?q=cache:eaNgmTP_i9oJ:https://www.bloomberg.com/news/articles/2017-05-09/he-blew-the-whistle-on-a-silicon-valley-highflier-then-came-the-blowback&num=1&hl=en&gl=us&strip=1&vwsrc=0 http://webcache.googleusercontent.com/search?q=cache:eaNgmTP...
- coverband 8y agoIf Google webcache expires, there's archive.org: http://web.archive.org/web/20170509120239/https://www.bloomberg.com/news/articles/2017-05-09/he-blew-the-whistle-on-a-silicon-valley-highflier-then-came-the-blowback http://web.archive.org/web/20170509120239/https://www.bloomb...
- jhabdas 8y agoIf archive.org stops working there's…
- miguelmota 8y ago> Rothenberg’s staff included frat brothers from Stanford, and he was known for buying luxury boxes at concerts and high-profile sporting events, sponsoring auto racing, supplying virtual-reality headsets at parties he threw for minor celebrities, organizing puppy-petting parties, even renting out San Francisco’s AT&T Park, where the Giants play. How much do puppy-petting parties cost?
- jboggan 8y agoGood job Francisco!
- samstave 8y agoCan you eli5/to:Dr exactly what the frauds were