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Tag Archives: government

The SEC has charged Mike Rothenberg with fraud

Mike Rothenberg, infamous Silicon Valley venture capitalist and founder of Rothenberg Ventures, has been formally charged by the Securities and Exchange Commission for overcharging investors to fund personal projects. It’s important to note a formal charge is not proof of guilt and Rothenberg has not made any admission of guilt under these proceedings. However, Rothenberg has been under investigation by the SEC for the last several years. The SEC now alleges in a statement the investor and his firm had misappropriated up to $7 million dollars for personal enjoyment, meanwhile claiming the funds were from his own coffers to pay for lavish parties, hotels and sporting events. Rothenberg has settled the charges with the SEC and tells TechCrunch through a statement from his communications team that he is stepping down. “Mr. Rothenberg takes great pride in the portfolio of innovative start-up companies he has selected for investors. But he has determined it would best serve his investors to bring this matter to a close, and has thus decided to resolve the SEC action without admitting or denying the allegations. Separately, Rothenberg Ventures today filed suit against Silicon Valley Bank to vindicate the interests of its funds and investors,” says the statement. As part of the settlement, Rothenberg has agreed to be barred from the brokerage and investment advisory business with a right to reapply after five years. We’ve reached out to several LPs in the fund and have found, regardless of the charges or several news reports surrounding possible misdeeds, Rothenberg still seems to have loyalty among some whom he would have harmed.

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JBL’s Link Bar, the sound bar announced at Google I/O with built-in Android TV and Google Assistant, costs $399 and is slated for October; pre-orders…

Ben Schoon / 9to5Google : JBL's Link Bar, the sound bar announced at Google I/O with built-in Android TV and Google Assistant, costs $399 and is slated for October; pre-orders now open   —  Android TV was given new life this year courtesy of a renewed focus from Google as well as plenty of new hardware.

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Sources: Apple to debut later this year a pro-focused upgrade to Mac mini and a low-cost laptop like MacBook Air but with smaller bezels and a retina…

Bloomberg : Sources: Apple to debut later this year a pro-focused upgrade to Mac mini and a low-cost laptop like MacBook Air but with smaller bezels and a retina 13" screen   —  - Retina laptop, pro-focused Mac mini desktop coming this year  — Apple reported fewest Mac sales since 2010 during last quarter

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Venezuela ties its currency to a state-run cryptocoin

Venezuela has just taken drastic and unprecedented steps to stabilize its currency as it grapples with hyperinflation and other economic issues. The country’s currency has not only been massively devalued and renamed, but is now tied to a state-issued cryptocurrency called the Petro, which itself fluctuates based on oil prices. Hardly anyone knows what to expect out of this. The Petro is not new; it arrived earlier this year in the form of a stepped offering to private and then public buyers, raising more than $3 billion from foreign governments and presumably some private buyers. President Trump forbade the U.S. from taking part . It is supposed to be a liquid asset reflective of the price of oil, and there is of course a whitepaper that describes the system in broad strokes, though it lacks almost any real technical detail. But the country’s own national assembly called the state-issued cryptocurrency unconstitutional, blockchain industry experts have called it a scam and there are Russian machinations to consider as well. Bloomberg has a good roundup of official communications about the token. The scheme originated in the administration of Venezuelan President Nicolas Maduro and seems to be an attempt to lend some credibility and stability to the country’s currency. The strong bolivar, which has lost more than 90 percent of its value over the last decade, has been renamed the sovereign bolivar and artificially returned to pre-inflation values.

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New Gradient Colors For Huawei P20 Pro Due At IFA 2018 – Ubergizmo

Ubergizmo New Gradient Colors For Huawei P20 Pro Due At IFA 2018 Ubergizmo Huawei is reportedly going to launch new gradient color options for the P20 Pro at the IFA 2018 convention later this month. Huawei's experiments with color for its flagship smartphones have been well received and it's now being said that the company ... and more »

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For well-intentioned discussion, maybe people should move from Twitter to Tumblr, still the world’s 52nd-most popular site but with the feel of a…

Jeremy Gordon / The Outline : For well-intentioned discussion, maybe people should move from Twitter to Tumblr, still the world's 52nd-most popular site but with the feel of a ghost town   —  A reconsideration of the last great blogging platform.  —  Maybe you're familiar with the many reasons why people hate Twitter.

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Profile of ConsenSys, a Brooklyn-based blockchain startup incubator launched by Ethereum co-founder Joseph Lubin, that analysts estimate spends $100M+…

Cheddar : Profile of ConsenSys, a Brooklyn-based blockchain startup incubator launched by Ethereum co-founder Joseph Lubin, that analysts estimate spends $100M+ per year   —  In a converted warehouse in Brooklyn's Bushwick neighborhood, dozens of ambitious developers are working to build blockchain applications …

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A look at Facebook’s plans to avert interference in the midterms, including putting people from various teams in a physical war room, a first for a US…

Kurt Wagner / Recode : A look at Facebook's plans to avert interference in the midterms, including putting people from various teams in a physical war room, a first for a US election   —  Is it enough?  —  Two weeks ago, on a hastily scheduled conference call with journalists, Facebook executives announced …

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SEC filing: Tencent-backed Qutoutiao, a China-based content aggregator, files for a $300M IPO on Nasdaq and says it had 32.1M MAUs in the last quarter…

Sonam Rai / Reuters : SEC filing: Tencent-backed Qutoutiao, a China-based content aggregator, files for a $300M IPO on Nasdaq and says it had 32.1M MAUs in the last quarter   —  (Reuters) - Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering …

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Internet infrastructure companies like web hosts, registrars, and CDNs were right to largely remain neutral in Infowars-like debates, civil rights…

Glenn Fleishman / Fortune : Internet infrastructure companies like web hosts, registrars, and CDNs were right to largely remain neutral in Infowars-like debates, civil rights experts say   —  Once silent on InfoWars, the controversial media outlet that publishes viral conspiracy theories, consumer-facing media companies like YouTube …

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