Ex-CEO Pleads Guilty

Media Vision Technology Inc.’s former chief executive pleaded guilty to two counts of wire fraud, acknowledging he helped to inflate the Fremon-based company’s 1993 financial results. Paul Jain, 55, could face 10 years in jail, $500,000 in fines and restitution to victims for his role in what regulators have described as the biggest securities-fraud case in the history of Silicon Valley. Jain is scheduled to be sentenced Dec. 1 in U.S. District Court in Oakland.