SAN FRANCISCO – Andrew Chapin was sentenced in federal court today to 36 months in prison after pleading guilty to wire fraud, bank fraud, and securities fraud, announced Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair.  Chapin was also ordered to pay over $8 million in restitution to his victims.  The sentence was handed down by United States District Judge Maxine M. Chesney.

Chapin, 33, of San Francisco, started a company in Boston and in 2016 moved it to San Francisco and renamed it Benja Inc.  He was Benja’s CEO.  As a digital advertising company, Benja provided “shoppable media” by placing digital advertisements for a company’s overstocked goods that allowed shoppers to purchase products in the advertisement itself without being redirected to another website.

To continue reading the rest of the article, please click on the source link below:

https://www.justice.gov/usao-ndca/pr/san-francisco-ceo-sentenced-three-years-scamming-banks-and-investors-out-8-million