There is no evidence that Cisco had ever attempted or planned to acquire the company. Dallas Mavericks owner Mark Cuban is Motionloft’s principal investor.
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Feds Charge Founder of Mark Cuban-related Firm with Fraud
Federal prosecutors have filed fraud charges against Jonathan Mills, the founder of the San Francisco technology company Motionloft, for getting his doctor to deposit $210,000 into his account by telling the doctor that investing in Motionloft would result in a huge return because Cisco was buying Motionloft for $760 million, SF Gate reports.
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