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

Another start-up founder is going to prison for overstating his company’s performance to investors. Manish Lachwani, who last year pleaded guilty to three counts of defrauding investors at his software start-up, HeadSpin, was sentenced to one and a half years in prison on Friday. He will also pay a fine of $1 million. Government prosecutors…

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