COLUMBUS – The CEO of a New York-based venture capital firm who conspired to defraud more than 50 investors of millions of dollars in a pre-IPO scam has been sentenced to prison for his crime.
George Iakovou, 30, of New York, N.Y., was sentenced to serve 97 months in prison to be followed by three years of supervised release by U.S. District Judge Clay Land. Iakovou pleaded guilty to one count of conspiracy to commit wire fraud on Aug. 8. Iakovou is not eligible for parole.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.