On September 29, 2017, the Honorable Denise L. Cote of the Southern District of New York sentenced former technology company CEO and founder Maryse Liburdi to 49 months in prison for a scheme to defraud investors in her company. Liburdi was also sentenced to three years of supervised release, and ordered to pay $7.07 million in forfeiture, and an additional $7.07 million in restitution to victims of the scheme. From at least 2010 to 2015, Liburdi repeatedly misrepresented the company’s revenue and assets to investors and altered its bank accounts to conceal financial difficulties, and used over $1 million of the company’s funds for personal expenses, including luxury clothing and trips to spas and salons. Investors lost a total of $7 million as a result of the scheme. USA. v. Liburdi, 1:16-cr-00110 (S.D.N.Y.).