The ex-CEO of a failed dot-com was sentenced to eleven years in prison and fined almost $3MM for fraud and tax evasion after stealing a mere $4MM from investors. He lured investors with rigged demos and used the money to buy a home, a car, and other “stuff.” The story sounded vaguely familiar to me. Damn, iMind allegedly raised $15MM total through its final days–at that rate that’s almost 44 years for the mofo that ran that company. Hypothetically speaking, of course.

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