An HTC Corp. executive testified in Michael Rothenberg's criminal fraud trial Monday that the tech company would have never invested $2 million into Rothenberg's venture capital firm in 2015 had he known Rothenberg invested its money into his own virtual reality company, saying such self-dealing constitutes a conflict of interest.
River Studios' former creative director testified in Michael Rothenberg's criminal fraud trial Wednesday that he abruptly resigned after learning Rothenberg had falsely claimed he was personally funding the virtual reality startup, when in reality Rothenberg was paying for the business with investor funds from his venture capital firm.
A retired Harvard Business School professor who invested $600,000 in her former student Michael Rothenberg's venture capital firm testified in his criminal fraud trial Tuesday she was surprised to learn in 2016 his firm invested $5 million into his virtual reality company, saying the investments weren't disclosed and "that's self-dealing."
Michael Rothenberg's onetime college classmate testified in his criminal fraud trial Monday she convinced her family to invest $150,000 in his venture capital firm in 2013, and later $125,000 in co-funds despite their concerns about transparency, but by 2016 they demanded $100,000 back amid a Securities and Exchange Commission investigation.