Famed biotech venture capitalist G. Steven Burrill is headed to federal prison after pleading guilty to defrauding his investors and falsifying tax returns.
Burrill, 74, faced up to 30 years in prison and $750,000 in fines, but he will serve just 30 months and pay $200 after signing a sealed plea agreement last year. Burrill will surrender to authorities on March 4, according to court documents.
According to prosecutors, the Bay Area investor siphoned more than $18 million from his fund, Burrill & Company, between 2007 and 2013. Burrill then dodged more than $4.7 million in taxes by failing to report the income, prosecutors said.
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a two-hundred dollar fine, I want his lawyer.