Startup Scam That Cost $6.5M | Cincinnati News

A Cincinnati startup founder got 40 months in federal prison for wire fraud after scamming investors out of $6.5 million by faking pitch decks, inflating revenue numbers, and using $850K meant for a business show to buy a $1.7M luxury home. The court’s harsh sentence sends a clear message: honesty and transparency are non-negotiable when building a business. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/89938cbf97e21ac0