Live data from Hacker News

An employee who exposed Rothenberg Ventures to the SEC

bloomberg.com

11–20 of 59 posts

Re: An employee who exposed Rothenberg Ventures to the SEC

#12
post #3

So, where's the blowback? I feel like half of the story is missing...

Did you talk to the government? Won't answer that question. You're fired.

Of course the SEC is mostly a toothless worm so while he did the right thing, I doubt much will ever happen to the company or its founder.

Re: An employee who exposed Rothenberg Ventures to the SEC

#13
post #4

Article doesn't really support the headline. The sole argument they provide that there was any "blowback" was that one time he brought it up in a job interview and didn't get a call back. Hardly enough to say your career prospects are some how wrecked because you exposed a blatant fraud.

It also says he was allegedly fired when the SEC cooperation was discovered.

Is getting fired from a fraudulent company really a net negative?

Re: An employee who exposed Rothenberg Ventures to the SEC

#14
post #4

Article doesn't really support the headline. The sole argument they provide that there was any "blowback" was that one time he brought it up in a job interview and didn't get a call back. Hardly enough to say your career prospects are some how wrecked because you exposed a blatant fraud.

It's a pretty thin piece. I'd like to read more.

Re: An employee who exposed Rothenberg Ventures to the SEC

#15
Good for him. That's why we have whistleblower laws in the first place. Most of us have a lot to lose by doing the right thing: damaged job prospects may equate to a large future loss of earnings over your career. Still, history shows plenty of people have paid (and continue to pay) a far higher price than that.

Re: An employee who exposed Rothenberg Ventures to the SEC

#16
"That was February 2016. By July, Riordan says, he’d downloaded emails, financial reports, and other records from the network that he says showed the company’s namesake, Chief Executive Officer Mike Rothenberg, was using investor money to fund other projects he owned"

That's kind of troubling, depending upon the details.

If I hire someone and he starts fishing around on the servers that he has access to, looking to put together a case, that could easily be a violation of trust. I could maybe even see if the SEC had contacted him and asked him for information as an informant in something ongoing. But Riordan initiated this - and it wasn't like the Uber example where Susan Fowler was exposing company culture information that was more public in the first place.

Granted, Rothenberg looks pretty dirty and I have personal experience with a CEO diverting company funds and priorities away from the supposed corporate mission. It's no fun and I have sympathy for stopping him.

If I hire someone to do some server work, I want him to do the job I'm paying for - not spend my money trying to build a case against me.

Re: An employee who exposed Rothenberg Ventures to the SEC

#17
post #16

"That was February 2016. By July, Riordan says, he’d downloaded emails, financial reports, and other records from the network that he says showed the company’s namesake, Chief Executive Officer Mike Rothenberg, was using investor money to fund other projects he owned" That's kind of troubling, depending upon the details. If I hire someone and he starts fishing around on the servers that he has access to, looking to p…

Why are you assuming he was "fishing around?" He suspected illegal activity, found evidence, and reported it.

I don't care how much you're paying me; if I see you punch a guy in the break room, I'm calling the police. This is more like that than it is an employee shirking his duties.

Re: An employee who exposed Rothenberg Ventures to the SEC

#18
post #16

"That was February 2016. By July, Riordan says, he’d downloaded emails, financial reports, and other records from the network that he says showed the company’s namesake, Chief Executive Officer Mike Rothenberg, was using investor money to fund other projects he owned" That's kind of troubling, depending upon the details. If I hire someone and he starts fishing around on the servers that he has access to, looking to p…

With those ethics, you would be a great soldier.

Re: An employee who exposed Rothenberg Ventures to the SEC

#19
post #16

"That was February 2016. By July, Riordan says, he’d downloaded emails, financial reports, and other records from the network that he says showed the company’s namesake, Chief Executive Officer Mike Rothenberg, was using investor money to fund other projects he owned" That's kind of troubling, depending upon the details. If I hire someone and he starts fishing around on the servers that he has access to, looking to p…

I reckon most folks engaged in illegal activity would rather not pay for work to expose them.

Re: An employee who exposed Rothenberg Ventures to the SEC

#20
This article didn't do this person any favors.

Hired for web development, they go trawling through the network finding any insufficiently secured material they can access to appease their sense of justice (and have since used various emails of other people's for media discussions to bolster their case, while ironically talking about email security -- ala "defend against me"). Then they continue working while acting as an agent of the government. Or such is what I take from this article.

As good as it seems that the company and "frat" brothers (always a wonderful word in these articles to prejudice the reader) were brought down, does this article give anyone any comfort about hiring this person?

To make it even worse (regarding the "side with criminals" nonsense), thus far nothing criminal has even been demonstrated. For instance a core contention is that they used management fees for separate investments. There is nothing illegal about that. Investors are partners of specific funds, and management fees are the fees and profit to the management company for running that fund. It just sounds like a shitty company shittily run, but running around exposing various emails that were arguably criminally accessed just smells really stinky.

Post reply on HN