‘Smart Rings’ CEO Found Guilty of Running $2 Million Ponzi Scheme
Brief
The CEO of a wearable technology company has been found guilty by a jury of running a near-$2 million Ponzi scheme by duping investors through lies that she owned “smart rings” patents that rightfully belonged to her former employer, and of fraudulently obtaining $150,000 in COVID-19 pandemic business-relief loans, the Justice Department announced today.