Mike Rothenberg, the venture capitalist once described as Silicon Valley’s “party animal,” faces a new criminal trial after a jury failed to reach a verdict last year on charges that he lied to banks about his wealth to get loans and gouged investors.
Rothenberg is accused of fraudulent conduct and making false statements that federal prosecutors say helped him misappropriate almost $19 million.
The judge presiding over the case on Friday set a two-month retrial to start October 2 at the same federal court in Oakland, California, where jurors in November couldn’t reach a unanimous consensus on the charges.
Source : ‘Party animal’ VC from Silicon Valley faces retrial over fraud charges