Tech CEO convicted in $2M Ponzi scheme, COVID loan fraud
A tech CEO who founded Esos Rings, Inc. has been convicted of running a Ponzi scheme and committing fraud. The CEO falsely claimed to own patented smart ring technology to attract nearly $2 million from investors, and also fraudulently obtained COVID-19 relief funds. A federal jury found the CEO guilty on multiple charges including fraud, money laundering, and identity theft.
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National5 articles from 5 sources across the spectrum· Updated 2d ago
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4 viewpointsSmart Ring CEO Told Investors Apple Backed Her and Walmart Was Buying. It Was a $2 Million Ponzi Scheme
Wearable tech company CEO found guilty of running $2 million Ponzi scheme
Esos Rings CEO Michelle Bisnoff Convicted of Nearly $2 Million Ponzi Scheme