London-based internet investor Stefan Glaenzer yesterday received a suspended sentence and a ban on using the London Underground for 18 months, after pleading guilty to sexual assault last month.
Glaenzer is reported to have pressed his groin against a female passenger while travelling on a packed London Tube train – an incident witnessed by police. He claimed to be under the influence of cannabis at the time.
The Westminster Magistrates Court yesterday handed down an eight-week suspended jail term with a probationary period of 18 months. As well as the ban on travelling on the underground train network, he must pay £1000 compensation and take part in a “sex offending behaviour programme”. His name will also be placed on the Sex Offenders’ Register for seven years.
The court took Glaenzer’s guilty plea into account when handing down the sentence.
Glaenzer, a former chairman at Last.fm and founder of Ricardo.de, is a founding partner of Passion Capital and co-founder of White Bear Yard, an incubator space in London. He is a prominent angel and early-stage investor in internet startups in Europe.
Image credit: flickr user NEXT Berlin