Former CEO of buzzy tech startup hit with prison time for fraud

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...