Dot Com Founder a Most Wanted Criminal

from the involved-in-scams-in-every-decade dept

Here's a fun one. The founder and CEO of a company called Pixelon.com, Michael Fenne, who used $12 million of the $35 million he raised to throw a big Las Vegas party, is in jail. Turns out his name is really David Stanley, and was one of Virginia's most wanted criminals for pretending to be a stock broker and making off with about a $1 million in the early 90's. I'm surprised he didn't just run off with the $35 million in venture money he raised. I guess he really believed he had started a new life, and who can resist a $12 million party and a chance to IPO and make even more...
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.