US EditionHe sold investors on a new app, but spent the money on cars, his Malibu mansion and yacht, feds say
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7 Articles
Los Angeles Times
Hastings TribuneHe sold investors on a new app, but spent the money on cars, his Malibu mansion and yacht, feds say
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.
Malibu man convicted of fraud related to app for influencer endorsements
A Malibu man was convicted of fraud after he lied to raise more than $20 million for an app that would help influencers better monetize their endorsements. The problem with the pitch for the app StarSite was that Bernhard Eugen Fritsch, 63, falsely claimed between 2014 and 2017 that his company, StarClub, was about to enter into deals with or receive investments from large companies like Disney, the U.S. Department of Justice said in a news rele…
WWBL
The Smart Citizen ReportLA man found guilty of scamming investors, Hollywood stars out of over $20 million to fuel lavish lifestyle
Founder and CEO of StarClub Inc., Bernhard Eugen Fritsch, was found guilty for an elaborate fraud that fueled his lavish lifestyle, Fox News Digital has learned.
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