生技創投名人Steven Burrill 罰款100萬美金&追討480萬美金 (恐面臨~30年刑期)

台微體法人董事前掌門人Steven Burrill 在美因詐欺逃稅等案面臨最高30年刑期http://www.genetinfo.com/investment/featured/item/11408.html

Bay Area VC could get 30 years for fraud, tax evasion        By Riley McDermid–Digital Producer, San Francisco Business Times 2017/9/21 A Bay Area venture capitalist who was indicted earlier this week by a federal grand jury in San Francisco on charges of wire fraud, tax evasion and investor advisor fraud could face up to 30 years in prison if convicted. Well-known biotech VC Steve Burrill, 72, was indicted on 34 counts that could add up to 30 years in prison if he's convicted on a myriad of accusations, including looting his own fund for personal gain and splashing investor money on his wife and girlfriend. Last March, Burrill was permanently banned from the securities industry by the Securities and Exchange Commission. He settled with the SEC and agreed to pay back $4.8 million that he allegedly took from investors, as well as pay a $1 million fine. Burrill Capital Management invested on behalf of major companies like Celgene (NASDAQ: CELG), Unilever (NYSE: UL) and Monsanto (NYSE: MON) as well as institutional investors including the Treasury of the State of North Carolina and the Oregon Investment Fund. At the time of his ouster in 2014, the fund involved was worth $283 million. "According to the SEC's litigation, Burrill's money problems started in 2007, when he first dipped into the $283 million Fund III to cover expenses at his management company," Endpoints News reports. "Over the next seven years, such transfers became routine, including tapping the fund to top up his personal bank account. About $4.6 million was allegedly used to cover personal costs, including jewelry from Tiffany's. "The man who allegedly helped him prepare fraudulent tax returns, Marc Howard Berger, was also indicted this week.