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USA v. Rothenberg

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Case overview

Case Number:

4:20-cr-00266

See also:

Court:

California Northern

Nature of Suit:

Judge:

Jon S. Tigar

Firms

Government Agencies

  1. October 18, 2023

    Ex-Startup Exec Quit Over VC Firm Founder's Lies, Jury Told

    River Studios' former creative director testified in Michael Rothenberg's criminal fraud trial Wednesday that he abruptly resigned after learning Rothenberg had falsely claimed he was personally funding the virtual reality startup, when in reality Rothenberg was paying for the business with investor funds from his venture capital firm.

  2. October 17, 2023

    VC Founder's 'Self-Dealing' Surprised Harvard Prof, Jury Told

    A retired Harvard Business School professor who invested $600,000 in her former student Michael Rothenberg's venture capital firm testified in his criminal fraud trial Tuesday she was surprised to learn in 2016 his firm invested $5 million into his virtual reality company, saying the investments weren't disclosed and "that's self-dealing."

  3. October 16, 2023

    VC Investor Asked For $100K Back Amid SEC Probe, Jury Told

    Michael Rothenberg's onetime college classmate testified in his criminal fraud trial Monday she convinced her family to invest $150,000 in his venture capital firm in 2013, and later $125,000 in co-funds despite their concerns about transparency, but by 2016 they demanded $100,000 back amid a Securities and Exchange Commission investigation.

  4. October 11, 2023

    'Millennial VC' Founder Put Super Bowl Over Payroll, Jury Told

    The ex-finance director for Michael Rothenberg's defunct venture capital firm testified Wednesday in his criminal trial over allegations he stole $18 million from investors, telling a California jury that she resigned days after the self-described "millennial venture capitalist" bought a $250,000 Super Bowl suite knowing it would shortchange the firm's payroll.

  5. October 10, 2023

    VC Founder Worried About SEC Probe, Pal Says At Fraud Trial

    An ex-executive at the Michael Rothenberg's defunct venture capital firm testified Tuesday in Rothenberg's criminal trial over allegations he stole $18 million from investors, telling a California jury that his ex-boss and Stanford roommate confided concerns about an SEC inquiry and "might have used the phrase that he had 'done something illegal.'"

  6. October 05, 2023

    Silicon Valley 'Party Animal' VC's Criminal Fraud Trial Opens

    Prosecutors told a California federal jury during criminal trial openings Thursday that Michael Rothenberg wanted to be a "big shot" venture capitalist, but instead became "Silicon Valley's party animal" by misappropriating $18 million from investors and defrauding Silicon Valley Bank, while defense counsel said Rothenberg's business decisions were legitimate.

  7. October 03, 2023

    SVB Fallout Narrows Jury Pool In VC Founder's Fraud Trial

    A California federal judge narrowed the jury pool Tuesday in the criminal trial over charges venture capitalist Michael Rothenberg defrauded investors and Silicon Valley Bank out of millions, excusing a juror whose brother lost his life savings tied to the bank's collapse and others who were victims of unrelated financial scams.

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