Michelle Bisnoff was convicted of fraud after using a big-name sales pitch to raise money for a patented ring she didn’t own. Esos Rings sold just 6 on Walmart. com; 3 were returned.
Source: [Inc.](https://www.inc.com/kevin-haynes/smart-ring-ceo-told-investors-apple-backed-her-and-walmart-was-buying-it-was-a-2-million-ponzi-scheme/91411008)