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California tech CEO busted in bizarre $2M smart ring scam after ripping off British business owner

California
New York Post Fews App News Provider
Fews App Post Time 4h ago

A wearable tech company’s boss will spend decades in prison for running a near-$2 million Ponzi scheme, duping investors with fabricated patent ownership, and fraudulently obtaining a federal business-relief loan during the pandemic. Michelle Bisnoff, CEO of Esos Rings Inc. , began the scheme in 2017 by claiming ownership of patented near-field communication (NFC) payment rings that actually belonged to McLear Ltd.

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