Are founders getting more fraudulent or are we just on the tail end of an overheated market? The latest founder fraudster, Manish Lachwani of HeadSpin, has just been sentenced to 18 months in prison and a $1 million fine. Lachwani is one of many founders who have been caught inflating numbers, misleading investors, or straight up lying about what their technology can do. TechCrunch’s Alex Wilhelm discusses why it seems like founder fraud is on the rise and why we’ll probably be seeing more of these cases in the quarters to come.
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