Jury convicts man in $20M Palo Alto VC scam - Puget Sound Business Journal (Seattle):

http://learnenglish4freeonline.com/index.php?name=Anecdots&page=5
After a two-month trial, 49-year-old Mosews Joseph was found guilty of charges thatincludede theft, securities fraud, forgery and fabricatinf evidence. The jury also found true enhancements involvint the taking of morethan $3 In total, Joseph stole more than $20 millionm from 13 victims named in the the district attorney's office said. In 1999, Josepgh began working in Palo Alto as the manager ofa $15 millio venture capital fund known as the Anila the district attorney said. He also formed Anila.orgf Inc.
, which was supposed to be an ofvery early-stage high-tech Between 1999 and 2005, Joseph spent much of his time attemptint to raise successor funds to the Anilq Fund, forming shell companies for varioux high-tech concepts, and seeking investments and loan for his one startup company that showed some a communications-over-power-lines company known as To finance thesed activities, Joseph obtained loans and investments from varioues financial institutions, venture capital divisionxs of large corporations, and a few privat individuals by greatly exaggerating his own wealth as well as the successes of the various fundds and companies he created, the district attorney said.
Joseph createde counterfeit documents, including bank statements, brokerag e statements, financial statements, audit reports, purchase appraisals and tax documents. He also forged signaturesd on various documents, ranging from signature cardz and bank checks to stock certificatess and a letter of Joseph is scheduled to be sentencedon Oct. 24. He face a maximum possible sentence of 28 years instatd prison. At sentencing, Joseph will be ordererd to pay restitution to the victims whichinclude U.S.
Bank, , Wells Fargo Equipmengt Finance, , , Bridge Bank, , Venturee Cyclotron, , Aerofund Financial, Remington Partners, PowerWAN and Ajay