back to article Ex-CEO of 'unicorn' app startup HeadSpin heads to jail after BS'ing investors

Manish Lachwani, former CEO of app testing firm HeadSpin, has been sentenced to 18 months in prison and will pay a fine of $1 million. The co-founder of the software-as-a-service biz pleaded guilty a year ago to two counts of wire fraud and one count of securities fraud, in response to charges filed by the US Justice …

  1. STOP_FORTH Silver badge


    What was their product, hard drives?

    1. anonymous boring coward Silver badge

      Re: HeadSpin?

      "HeadSpin enables testing and monitoring of mobile, web, audio/video applications in real-time with AI based insights."

      Seems the company has "made it", however. Perhaps crime does pay?

      1. Michael Wojcik Silver badge

        Re: HeadSpin?

        The website talks about DevOps, too. Apparently it's some sort of collection of buzzwords. I couldn't muster the will to investigate further.

  2. druck Silver badge

    That would have been HeadCrash.

  3. nintendoeats Silver badge

    Wooooow, 100 white collar crime cases in 2 years. That'll have them shaking in their boots.

  4. Bebu Silver badge

    donkey with a fake horn on its head.

    "a donkey with a fake horn on its head."

    Unless its a jenny there is a sort of rude symmetry to that picture.

    Headspin vertigo? giddyness? nausea? Wasn't possibly the most auspicious name.

    I was thinking that given it was to be a testing application that Suck-It as in suck-it-and-see might be better but on reflection probably more appropriate for a rather different line of business. :)

    Burl as in give-it-a-burl could be better but I think its only found in en-AU, en-NZ. Although more main stream, "whirl" brings one back to a headspin. :)

  5. sanmigueelbeer

    This defendant admitted he lied about his company’s revenue and customers to attract funding

    I assume, in Corporate America, this is just a start. Right?

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