April 22, 2024
The former CEO of software company HeadSpin Inc. will spend 18 months in prison and pay a $1 million fine after pleading guilty to wire fraud and securities fraud for cooking the books as he pitched investors and raised over $100 million.
March 11, 2024
Prosecutors urged a California federal judge Friday to sentence the former CEO of Silicon Valley software startup HeadSpin, who pled guilty to falsifying documents to draw in investors, to more than five years in prison, after his counsel argued that no investor lost money and that he shouldn't get prison time.