On Nov. 3, 2016, Blessing Egbon walked onstage in a darkened theater at the Marcus Center for Performing Arts in Milwaukee. Wearing a blazer over a white dress shirt with the top button undone, he presented a five-minute pitch for his startup at the gener8tor Premiere Night event, a public online video of the event shows.

The event was the culmination of the nationally ranked gener8tor Milwaukee startup accelerator, a three-month program that provided business coaching and a $90,000 investment in Egbon’s startup, Exit 7C.

Onstage that evening, Egbon introduced himself to the Milwaukee startup community. Five years later, he has agreed to plead guilty to three counts of criminal wire fraud charges filed by U.S. Attorney Richard Frohling of the Eastern District Court of Wisconsin that allege he bilked at least 11 investors out of $6 million, as well as civil charges from the U.S. Securities and Exchange Commission (SEC).

Click here to read the full article.