Former Tax Startup CEO Federally Charged with Conning Venture Capital Funds Out of More Than $13 Million
An Inglewood woman has been arrested on a 15-count federal grand jury indictment charging her with defrauding venture capital funds out of more than $13 million by lying about her credentials and her now-defunct tax compliance startup company’s revenue, then using investors’ money to purchase a home, a Tesla, and pay for her wedding in the Caribbean, the Justice Department announced today.
What happened
An Inglewood woman has been arrested on a 15-count federal grand jury indictment charging her with defrauding venture capital funds out of more than $13 million by lying about her credentials and her now-defunct tax compliance startup company’s revenue, then using investors’ money to purchase a home, a Tesla, and pay for her wedding in the Caribbean, the Justice Department announced today.
Why it matters
The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.
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1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Former Tax Startup CEO Federally Charged with Conning Venture Capital Funds Out of More Than $13 Million ↗
Claims
- Former Tax Startup CEO Federally Charged with Conning Venture Capital Funds Out of More Than $13 Million Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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