9 years ago
In an act of unquestionable greed, a startup CEO stole $765k from his friends
Dressed in matching yellow scrubs from the nearby Alameda County Jail, Jon Mills looked resigned to his fate. After taking a plea deal on two felony counts of wire fraud, the young former startup CEO appeared in federal court Tuesday afternoon for sentencing. Mills had moved to California five years ago with a dream to hit it big in Silicon Valley. The company he founded, Motionloft, uses small sensors to perform analytics on in-store foot traffic. Everything worked.
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