He sold investors on a new app, but spent the money on cars, his Malibu mansion and yacht, feds say
Apr 05, 2025
Bernhard Eugen Fritsch was found guilty of one count of wire fraud. Prosecutors allege he fraudulently obtained investments in his tech company, then used the funds to finance a lavish lifestyle.
https://www.latimes.com/california/story/2025-04-05/investments-bankrolled-a-malibu-mansion-rolls-royce-a-yacht-now-hes-been-convicted-of-fraud
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