The SEC has charged Mike Rothenberg for fraud

Mike Rothenberg, infamous Silicon Valley venture capitalist and founder of Rothenberg Ventures, has been formally charged by the Securities and Exchange Commission for overcharging investors to fund personal projects.

Rothenberg had been under investigation by the SEC for quite some time. The SEC now alleges in a statement the investor and his firm had misappropriated up to $7 million dollars for personal enjoyment, meanwhile claiming the funds were from his own coffers to pay for lavish parties, hotels and sporting events.

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