Shiloh Luckey, founder of a tax-compliance startup, was arrested in Fort Lauderdale and charged with using venture capital funds for personal expenses, including a house, a Tesla, and a Caribbean wedding. She had raised millions from top investors, including Craft Ventures, and offered personal finance advice on TikTok. The charges carry the possibility of up to 60 years in prison. The case underscores vulnerabilities in venture funding oversight.
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