A US judge sentences HeadSpin founder Manish Lachwani to 18 months and a $1M fine over inflated financials; HeadSpin raised $117M and hit a $1.1B valuation (Erin Griffith/New York Times)

Erin Griffith / New York Times:
A US judge sentences HeadSpin founder Manish Lachwani to 18 months and a $1M fine over inflated financials; HeadSpin raised $117M and hit a $1.1B valuation  —  Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.

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