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HeadSpin Founder Sentenced to 18 Months Prison After Raising over $100M
- deleted 3y ago[deleted]
- barbariangrunge 3y agoI feel like a comparable fraud involving a lower class activity or person would yield a lot more jail time than this
- lancesells 3y agoHolmes got 11 years for her fraud.
- rasz 3y agoand >$1 million fine I and probably a ton of people would gladly take 18 months for whatever he managed to stash away from that $100Mil. >“Today’s sentencing should send a message to other entrepreneurs who may be tempted to cross the line into fraud And the message is fraud away, at most you will get gently slapped on the wrist.
- xwowsersx 3y agoThe $1M is a fine as a penalty above and beyond disgorgement. I think it's safe to assume that he'll be required to pay disgorgement of all profits/gains obtained through through the fraud.