Five O’Clock Roundup: Stockbroker sentenced, Google Voice investigated, Moon hit by NASA
Accomplice of criminal VC William “Boots” Del Biaggio gets five years in prison for $100 million fraud — Boots had backed ShopNow.com and VerticalNet before co-founding San Jose’s Heritage Bank. He invested in the San Jose Sharks and Nashville Predators hockey teams. But he also forged documents to get $100 in loans. Stockbroker David Cacchione, his accomplice, was sentenced to five years and will need to pay back $50 million in restitution. Business Insider has… Continue Reading
Alter-G raises $2.5M for pressured treadmill, from NASA’s threatened VC arm
Alter-G, a Menlo Park, Ca. company that helps people run on a treadmill with the use of air pressure to reduce their effective weight, has raised $2.5 million in a first round of funding (see VentureWire; sub required).
Red Planet Capital, the venture arm of NASA that has recently come under political pressure, and is likely to be scrapped (quick spend the money while you can!), and buyout firm Hellman & Friedman co-led the round.
The two-year… Continue Reading