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Criminal

Oct. 10, 2014

Former startup CEO pleads guilty to defrauding investors

Accused of defrauding investors with a bogus buyout claim, former Motionloft Inc. CEO Jonathan Edward Mills has pleaded guilty to two counts of wire fraud in San Francisco federal court.


By Kibkabe Araya


Daily Journal Staff Writer


Accused of defrauding investors with a bogus buyout claim, former Motionloft Inc. CEO Jonathan Edward Mills has pleaded guilty to two counts of wire fraud in San Francisco federal court.


Assistant U.S. Attorney Doug Sprague prosecuted the case with assistance from Rawaty Yim and Muffy Mallory against Mills, who could face a maximum of 40 years in prison with $500,000 fine for defrauding Motionloft ...

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