SAN FRANCISCO (BCN) A 36-year-old San Francisco man has been charged with 19 felony counts of wire fraud and other crimes, accused in connection with several alleged investment schemes from 2013 to 2016, according to a joint statement from the FBI, the U.S. Attorney's Office and the Internal Revenue Service on Friday. According to the complaint, Michael Brent Rothenberg is alleged to have raised millions of dollars to invest in Silicon Valley start-up companies, but allegedly took much higher fees than those to which he formally agreed. Federal officials said Rothenberg also committed bank fraud with alleged schemes to obtain...
[Source: www.sfgate.com] [ Comments ] [See why this is trending]