# Michelle Bisnoff smart ring fraud conviction

> Live situation record from CLSTR: https://clstr.news/situations/michelle-bisnoff-smart-ring-fraud-conviction
> Updated: 2026-09-27T11:15:00.000Z. Sources: 6. Developments: 2.

Michelle Bisnoff, the former CEO of Esos Rings Inc., has been convicted in a federal court for orchestrating a Ponzi scheme that defrauded investors of nearly $2 million. 

Prosecutors established that after being dismissed from the British company McLear Ltd., Bisnoff claimed ownership of the company’s smart ring patent through a fabricated assignment and forged signatures. She used these false claims to market her own company, Esos Rings, to investors. 

Bisnoff misled backers by claiming the company was profitable and had established or pending deals with major entities such as Apple Inc., Roc Nation, Target, and Walmart. In reality, the company had minimal revenue and no such agreements existed. The investigation determined that payments to earlier investors were funded by money obtained from new investors rather than legitimate capital.

## Timeline

### 2026-09-27: Michelle Bisnoff convicted in $2 million smart ring Ponzi scheme

Michelle Bisnoff was found guilty of running a $2 million Ponzi scheme involving fraudulent claims about smart ring technology and fake partnerships with major retailers and corporations.

2 sources. https://clstr.news/cluster/michelle-bisnoff-convicted-in-2-million-smart-ring-ponzi-scheme-1

### 2026-09-25: Michelle Bisnoff convicted in $2 million smart ring Ponzi scheme

Former Esos Rings CEO Michelle Bisnoff has been convicted of fraud and money laundering for orchestrating a nearly $2 million Ponzi scheme involving falsified smart ring patents.

4 sources. https://clstr.news/cluster/michelle-bisnoff-convicted-in-2-million-smart-ring-ponzi-scheme

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Cite as: Michelle Bisnoff smart ring fraud conviction. CLSTR, https://clstr.news/situations/michelle-bisnoff-smart-ring-fraud-conviction