Silicon Valley tech startup founder sentenced to 1½ years in prison for fraud

mercurynews.com

14 pointsfortran775 comments

Only 1.5 years in prison? Seems low.

> In addition to the prison term, Lachwani was ordered to pay a $1 million fine and serve three years of supervised release, which will begin after his prison term is completed.

Will never get another dime and won't be allowed to work anywhere that does background checks. Basically, fucked for life in de facto civil death. They'll have to work something grueling like at an employer that felons a second chance and later start a business like Dave's Killer Bread.

If he's an entrepreneurial type with a circle of entrepreneurial connections, no legal boundary stops him from kicking off another venture when he leaves prison. Wouldn't be the first felon to do just that and pull it off with a bang either. For example, finance is full of former felons going right back to the top.

For more ordinary people with regular white collar formal employment, different story of course. Their scarlet letters are often indelible unless they really adapt in new ways and adopt new habits.

US Attorney’s press release: https://www.justice.gov/usao-ndca/pr/silicon-valley-start-fo...

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