61–70 of 145 posts
Somewhat misleading title. The article itself only mentions the resume once. For example, it doesn't provide examples of the fabrication.
If you read the original post. there is little new info. aside from revealed identities.
From what I have read on Kim's blog and other articles, this appears to be more a case of the CEO Choi being an immature and incompetent individual who started out to earn some big bucks but couldn't handle failures and ended up creating one fraud after another. To me it doesnt look like he started the company with the intention of committing some grand scam.
"... but who expects fraud in Silicon Valley?" lol, wut? Anybody who has been here more than an hour is who expects fraud in SV. The first job I had in SV ended in a joint SEC/DOJ prosecution and jail time for multiple executive officers. Lawlessness, scams, and dishonesty are endemic in this area.
The interesting part is that the technology exists to better vet and monitor investments. For example, why don't startup-friendly banks offer authorized investors read-only access to bank accounts, and maybe an investor alert service that notifies them whenever a charge/check of more than $X posts to the company bank account or credit card, or when a wire goes out, etc? Most types of fraud are absurdly easy to spot;…
WrkRiot CEO's entire resume fraudulent (nytimes.com) Somewhat misleading title. The article itself only mentions the resume once. For example, it doesn't provide examples of the fabrication. If you read the original post. there is little new info. aside from revealed identities.
Earlier quoted context omitted.
> Lawlessness, scams, and dishonesty are endemic in this area. And homelessness. I was disappointed to see hundreds of helpless homeless people, some in horrible mental state, right there on streets in the middle of huge ivory towers that SV thumps its chest on. It's such a shame! And with young kids coming out of those glass doors flashing gadgets and gizmos at each other, with that certain bay area flair … I mean t…
Not that its an excuse, but don't all large cities have homeless or poor people?
WrkRiot CEO's entire resume fraudulent (nytimes.com) Somewhat misleading title. The article itself only mentions the resume once. For example, it doesn't provide examples of the fabrication. If you read the original post. there is little new info. aside from revealed identities.
Earlier quoted context omitted.
You can judge, but SF goes further than any city I've seen to provide services to the homeless. So much so that it's a mild weather Mecca to many. So you can turn up your nose and go back home to a city that likely ships them here or "takes care of it" so you don't see it -- but you are being naive. The poor will always be with us, and we are judged by how we treat them.
Have you been outside of the US? Coming from Europe, SF is utterly shocking. I've never seen anywhere else like it. Government provides a lot of support for low-income and homeless people in EU.
I walk by the local drug dealers in the Tenderloin every day, and all the clientele I've seen are homeless people.
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Spotted the guy who's never been to downtown San Francisco ;) It is an order of magnitude worse there than just about anywhere else I've been (and I have traveled a lot)
Spotted the guy whose never been to downtown LA. It is much worse down south considering the weather is much better. But really, only Alaska is relatively immune from this problem given that they just give homeless people a bus ticket to LA when winter hits.
I have travelled to many countries where some places are considered dangerous for travellers. And never have I been more afraid than that day.
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Is like trying to help your drug addict friend get better. No matter what you do if they don't help themselves it is a lost cause. Eventually you just have to keep going with your life and wish them well.
"If they don't help themselves it is a lost cause". In a country where socialism is not a dirty word, this is not necessarily true at all.
Earlier quoted context omitted.
Is like trying to help your drug addict friend get better. No matter what you do if they don't help themselves it is a lost cause. Eventually you just have to keep going with your life and wish them well.
"If they don't help themselves it is a lost cause". In a country where socialism is not a dirty word, this is not necessarily true at all.