Former high-flying VC Michael Rothenberg now faces criminal charges alleging 'multiple schemes to defraud his victims'
Former high-flying San Francisco venture capitalist Michael Rothenberg is, for the first time, facing criminal charges over allegations that he defrauded investors in his venture fund.
The US Attorney's office in Northern California announced the charges on Friday, after investigations by the FBI and the IRS criminal Investigations unit.
Former high-flying venture capitalist Michael Rothenberg is, for the first time, facing criminal charges over allegations that he defrauded investors in his venture fund.
Friday's charges are the first criminal charges he has faced, meaning that he may be sentenced to prison if found guilty.
And as it unraveled it became very clear, this was extremely complicated and complicated for a reason, to hide things," Olanoff told Business Insider.
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