Former Brentwood Community Council member and Westside entrepreneur to … – Palisades News

Michelle Bisnoff. Photo Credit: Vimeo. Federal prosecutors claim the ESOS Rings founder lied about patents and Apple acquisition talks to fleece investors. Jury selection begins Monday in federal court for a former Brentwood woman accused of running a yearslong securities and wire fraud scheme that lied to investors about wearable payment technology. Michelle Bisnoff, 57, who also goes by Michelle Angeline Silverstein and Shelly Silverstein, faces criminal counts in front of U.S. District Judge Mónica Ramírez Almadani. Now living in Boca Raton, Florida, Bisnoff previously resided in Pacific Palisades, Santa Barbara, and Brentwood. Federal prosecutors allege Bisnoff founded ESOS Rings Inc. and solicited investor funds between 2017 and 2023 by fabricating the company’s financial health, product sales, and technological capabilities. Court documents state she claimed ESOS owned patents for “smart rings” capable of contactless payment processing and falsely promised investors steady profits from transaction fees. Investigative affidavits reveal that neither Bisnoff nor her firm held the patents she cited. She also allegedly enticed backers with claims that tech giants like Apple were preparing to acquire her startup and buy back shares at a premium. Federal agents found those potential buyers had no relationship with ESOS, which ran minimal actual business operations and produced zero
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