According to the Washington Post, the CEO for a sort of “Uber for private investigators” called Trustify was sentenced to 97 months this week for fraud.
- What is the CEO’s name and age?
- Did the company make a profit? Explain.
- Originally the CEO was sentenced for 9 years. Why was his sentence shortened?
- How much money was raised by Trustify’s 250 investors and what happened to it?
Barakat, M. Tech company founder gets 8 years in prison for stock fraud. The Washington Post, March 26 (Retrievable online at https://www.washingtonpost.com/business/tech-company-founder-gets-8-years-in-prison-for-stock-fraud/2021/03/26/9c879012-8e6d-11eb-a33e-da28941cb9ac_story.html).