https://www.mercurynews.com/2023/04/27/former-silicon-valley-startup-ceo-pleads-guilty-to-federal-fraud-charges/

A former Silicon Valley tech startup CEO pleaded guilty to wire and security fraud charges in a San Francisco federal courtroom Thursday morning, federal prosecutors announced.

HeadSpin founder and former CEO Manish Lachwani, 47 of Los Altos, admitted to misleading potential investors in order to garner financial support for his budding company, according to a news release from Ismail J. Ramsey, the U.S. Attorney representing Northern California.