HeadSpin
- The founder of startup HeadSpin just got an 18-month prison sentence for wire and securities fraud.
- He admitted he gave investors wrong financial information, defrauding them out of over $100 million.
- Prosecutors said his sentence is a warning to other "fake it til you make it" Silicon Valley execs.
The founder of a buzzy Silicon Valley startup was sentenced to prison over a multimillion-dollar fraud scheme — and prosecutors want it to be a lesson to other "fake it til you make it" entrepreneurs.