Nearly six months after McLean-based VitalSpring Technology Inc. CEO and major Democratic donor Sreedhar Potarazu pleaded guilty to nearly $38 million in shareholder and employment tax fraud, his company has declared bankruptcy.
VitalSpring and subsidiary Enziime LLC filed for Chapter 7 in the U.S. Bankruptcy Court in the Eastern District of Virginia earlier this month, reporting an estimated $65 million in liabilities to more than 350 creditors in the filing. The creditors appear to be investors…
Nearly six months after McLean-based VitalSpring Technology Inc. CEO and major Democratic donor Sreedhar Potarazu pleaded guilty to nearly $38 million in shareholder and employment tax fraud, his company has declared bankruptcy.
VitalSpring and subsidiary Enziime LLC filed for Chapter 7 in the U.S. Bankruptcy Court in the Eastern District of Virginia earlier this month, reporting an estimated $65 million in liabilities to more than 350 creditors in the filing. The creditors appear to be investors…