From anti-poverty crusader to $248 million fraudster: California investor pleads guilty to federal charges

siliconvalley.com/2025/08/22/from-anti-poverty-crusader-to-248m-fraudster-oc-investor-pleads-guilty-to-federal-charges

An Orange County entrepreneur and investor known for his crusade to end poverty in California has agreed to plead guilty to carrying out a $248 million dollar scheme to defraud investors and lenders to the Los Angeles-based startup he co-founded, the U.S. Attorney’s Office announced on…

This story appeared on siliconvalley.com, 2025-08-22 12:48:20.
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