#startup-fraud

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Media industry
fromTechCrunch
1 week ago

Cluely CEO Roy Lee admits to publicly lying about revenue numbers last year | TechCrunch

Cluely CEO Roy Lee admitted his $7 million ARR claim to TechCrunch was false, but misrepresented how the interview occurred by claiming it was an unsolicited cold call when his PR representative had arranged it.
fromwww.theguardian.com
3 weeks ago

Dust review timely fictionalisation of a tech-bro dotcom bust that blighted rural Belgium

The crisis facing a couple of middle-aged Belgian tech bros in the 1990s might be better suited to a European streaming-TV drama maybe with the two antiheroes' travails confined to the first episode, setting up a lengthier intergenerational drama taking us to the present. Nonetheless, here it is: a feature film in the Berlin competition from screenwriter Angelo Tijssens and director Anke Blonde, handsomely produced and shot, and impeccably acted.
Film
Law
fromFortune
5 months ago

Former Wall Street darling Charlie Javice says 'I have remorse deeper than I knew possible' in tearful apology to JPMorgan shareholders | Fortune

Javice fabricated most of Frank's customer data, leading to convictions for multiple fraud charges and sentencing after JPMorgan's $175 million acquisition.
fromFast Company
6 months ago

Founder fraud isn't an outlier: it's a design flaw

CaaStle founder Christine Hunsicker has been indicted for allegedly falsifying financial records and misrepresenting profits, continuing fraud even after her board removal.
Startup companies
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