Michael Brent Rothenberg, 39, was found guilty of wire fraud, money laundering, bank fraud and making false statements to a bank, the U.S. Attorney's Office for the Northern District of California said in a statement.
Rothenberg also made false statements to a bank pertaining to a line of credit that he obtained for his venture capital management company from Silicon Valley Bank in late 2015, the U.S. Attorney's Office said.
Throughout 2015 and 2016, he told his employees, fund investors, and the investor in River Studios that it had been "self-funded" by him and that no venture capital funds had been used to fund its operations, prosecutors said.
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