SACRAMENTO — The former CEO of a San Francisco startup pleaded guilty in federal court Tuesday to luring investors with false promises that Cisco Inc. was about to purchase his company for hundreds of millions.
Jonathan Mills, 30, faces up to 30 months in prison and a $6,000 fine under terms of an agreement with federal prosecutors that required him to plead guilty to two counts of wire fraud, according to Mills’ lawyer, Harris Taback. Mills will also pay restitution of up to $590,000 to his victims, Taback said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
