This week, New York Attorney General Barbara Underwood announced the conviction and sentencing of a Nevada corporation and its CEO on grand larceny and securities fraud, among other charges. Sungame Corporation and its CEO, Neil Chandran, were ordered to cough up more than $2.8 million in restitution to investors of the scheme, or face up to four years in prison.
Sungame offered an unusual deal: For every $1,000 paid upfront, the company would send you an experimental tablet that could render content in 3D. A few weeks later, Sungame would send you back $1,500 as a rebate, no strings attached. After that, you’d have the option to either hold onto the tablet itself or let Sungame resell it and send you back the profit. As Chandran…
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Author: Russell Brandom
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