Jury convicts Smart ring CEO in nearly $2M Ponzi scheme
A federal jury has found the CEO of a wearable technology company guilty of running a nearly $2 million Ponzi scheme and fraudulently obtaining a $150,000 COVID-19 relief loan, the Justice Department announced.
TL;DR
- Federal jury finds wearable technology company CEO guilty.
- CEO convicted of running a nearly $2 million Ponzi scheme.
- CEO also found guilty of fraudulently obtaining a $150,000 COVID-19 relief loan.
- The Justice Department announced the conviction.