Silicon Valley VC Rothenberg Faces Second Fraud Trial (1)

Mike Rothenberg, the venture capitalist once described as Silicon Valley’s “party animal,” faces a new criminal trial over charges he gouged investors after a jury failed to reach a verdict last year on separate bank fraud claims against him.

Rothenberg was indicted in 2020 for what prosecutors said were multiple fraudulent schemes from years earlier that helped him misappropriate almost $19 million.

The first trial, involving allegations that Rothenberg made false statements to Silicon Valley Bank to borrow funds, ended in November with jurors in Oakland, California, unable to reach a unanimous consensus on the two charges. Afterward, Rothenberg ...