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Entrepreneur, Michelle Bisnoff, guilty of $2M | Los Angeles News
Michelle Bisnoff, a former Pacific Palisades resident, has been convicted of orchestrating a $2 million Ponzi scheme centered around smart ring technology. Found guilty of securities fraud and money laundering, Bisnoff misled investors by falsely claiming ownership of key patents and exaggerating the profitability of her company, Esos Rings Inc. Despite promises of major retail partnerships, the company generated minimal revenue and struggled with high return rates. Sentencing is scheduled for www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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