Start-Up Founder Sentenced to 18 Months in Prison for Fraud
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,…