CEO Of Livermore Tech Startup Under Indictment
The chief executive of a Livermore technology startup who allegedly lied to investors, kept no records and purchased luxury goods with company funds was indicted by a federal grand jury in Oakland Monday.More here.
Mail fraud and tax evasion charges were pending for Orinda resident John Frances Griffin, 43, who was arrested May 11, according to a report from U.S. Attorney Kevin Ryan.
Agents from the Federal Bureau of Investigation and the Internal Revenue Service acted after probing Griffin’s activities as chief executive of VaporTech, a Livermore firm researching technology to convert fuel into high-quality, superheated water vapor.
The indictment alleges that Griffin kept no records, exchanged his salary checks for cash and withheld his social security number, all for purposes of hiding income taxes.
posted by Fergie @ 12/04/2006 09:39:00 PM
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