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However, if you don't mind sharing additional details, I'm interested in knowing how you arrived at the position. Did the company seem legit from the outside when you first started? Did you seek out the job, or were they the ones to initially reach out to recruit you? Knowing what you know now, what are the things you would watch out for to avoid falling prey to a scam company like this?
Do the same. They either know or don’t want to know.
I'm gonna agree with qikInNdOutReply here: you work for a laundromat. If this has happened multiple times, it's entirely possible that all of the VCs involved are aware of it, and are in fact getting their money's worth. :-) Here's my advice to you, and I'm not going to say IANAL because you don't need to be a lawyer to know this: you are working for shady people. If it is, as seems likely, a laundering front, the ve…
The whole point of a laundry is to get money out that has an apparently legitimate source. That isn't happening here.
I'm gonna agree with qikInNdOutReply here: you work for a laundromat. If this has happened multiple times, it's entirely possible that all of the VCs involved are aware of it, and are in fact getting their money's worth. :-) Here's my advice to you, and I'm not going to say IANAL because you don't need to be a lawyer to know this: you are working for shady people. If it is, as seems likely, a laundering front, the ve…
The whole point of a laundry is to get money out that has an apparently legitimate source. That isn't happening here.
Earlier quoted context omitted.
Can you explain? "Money laundering" businesses are cash businesses. If the money is already in the legitimate banking system it doesn't need to be laundered, even if it's from an "oligarch". How does this help? As someone below commented, it seems more likely that the VCs are stealing from their investors.
The world is more complex than that. Things like sanctions and countries (not) fully implementing the sanctions create a world in which the transport of sanctioned ‘money’ (or money owned by sanctioned people) from place X to Y is only possible via constructions as the one hinted on here. Dirty money is not always cash. Even bank held funds can be dirty enough to require cleaning.
most people capable of raising money have connections… buddies and social capital
i never raised money for my company. meanwhile a well known VC funded a competitor because of connections or because they like the founder’s “energy”. after a few years the company went bankrupt. the guy went on to raise money again. we had far superior technology far beyond what they were able to develop. it would have been cheaper to acquire us.
TL;DR most peole who succesfully raise do so because of different reasons than having a product or revenue.
I'm gonna agree with qikInNdOutReply here: you work for a laundromat. If this has happened multiple times, it's entirely possible that all of the VCs involved are aware of it, and are in fact getting their money's worth. :-) Here's my advice to you, and I'm not going to say IANAL because you don't need to be a lawyer to know this: you are working for shady people. If it is, as seems likely, a laundering front, the ve…
The whole point of a laundry is to get money out that has an apparently legitimate source. That isn't happening here.