Another start-up founder goes to prison for overstating his company’s performance to investors. Manish Lachwani, who pleaded guilty last year to three counts of defrauding investors at his software start-up HeadSpin, was sentenced to a year and a half in prison on Friday. He will also pay a $1 million fine. Prosecutors said Mr. Lachwani,…
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and an associated hedge fund. The sentence in federal court in Manhattan was well below the 40 to 50 years in prison that federal prosecutors had sought for Bankman-Fried and well…
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference on innovation and startups at the Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters The criminal conviction of Binance Money laundering charges against founder Changpeng Zhao have been postponed until April 30, according to a statement…
Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will take place at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images Vince McMahon, chairman of TKO Group Holdings and founder of wrestling giant WWE, has resigned from both companies, according to a WWE…
Binance Founder and CEO Zhao Changpeng attends the Viva Technology conference on innovation and startups at the Porte de Versailles exhibition center in Paris, France on June 16, 2022. Benoit Tessier | Reuters A federal judge last month rejected a request from Binance founder Changpeng “CZ” Zhao to travel to his home in the United…
