The founder of startup HeadSpin just got an 18-month prison sentence for wire and securities fraud. Prosecutors said his sentence is a warning to other "fake it til you make it" Silicon Valley execs. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe founder of a buzzy Silicon Valley startup was sentenced to prison over a multimillion-dollar fraud scheme — and prosecutors want it to be a lesson to other "fake it til you make it" entrepreneurs. Manish Lachwani, the former CEO of app testing company HeadSpin, was sentenced on Friday to 18 months in prison, plus three years supervised release, for wire fraud and securities fraud, the Department of Justice announced.

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Persons: —, Manish Lachwani, Lachwani, Lachwani's, Ismail J, Ramsey, HeadSpin Organizations: Prosecutors, Service, Department of Justice, DOJ, Lachwani, Business Locations: Silicon Valley