A Silicon Valley Dream Collapses in Allegations of Fraud
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Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#2There was extensive discussion on this topic here:
https://news.ycombinator.com/item?id=12394679
Now it seems like the CEO faked his past work experience as well.
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#3There was extensive discussion on this topic here: https://news.ycombinator.com/item?id=12394679 Now it seems like the CEO faked his past work experience as well.
This might be the thread you were looking for (with 500+ comments): https://news.ycombinator.com/item?id=12379518
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#4My money is on this being a Visa scam company bringing Chinese nationals over. The poorer ones probably got screwed, while the ones who paid (400k from one of his employees???) have probably vanished into the country.
(I have nothing against the Chinese, or immigrants in general, I'm an immigrant myself, and I feel terrible for the innocent victims who have lost money, jobs, and for many, their american dream)
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#5There was extensive discussion on this topic here: https://news.ycombinator.com/item?id=12394679 Now it seems like the CEO faked his past work experience as well.
This might be the thread you were looking for (with 500+ comments): https://news.ycombinator.com/item?id=12379518
And my claim to fame! If someone had told me posting on HN would get me quoted in the NYT...
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#6My money is on this being a Visa scam company bringing Chinese nationals over. The poorer ones probably got screwed, while the ones who paid (400k from one of his employees???) have probably vanished into the country. (I have nothing against the Chinese, or immigrants in general, I'm an immigrant myself, and I feel terrible for the innocent victims who have lost money, jobs, and for many, their american dream)
The only thing that makes no sense is why they hired Penny Kim. The business was seemingly imaginary, the only employees were the CEO's bros and his H1Bs. If the business was some sort of front, why hire a veteran marketing leader to publicize your scam operation? Especially someone who was not in on the scam and was highly likely to rebel? My money is on the CEO being a genuine egomaniac who thought he could will a legitimate business into existence with enough personal charm.
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#7This seemed pretty likely to me the second I saw bouncing between tech/analyst positions and "CEO of mines in Asia and South America" on his LinkedIn (when he was mid-thirties at the latest?). There is only so far one can push it before all thered flags go up.
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#8My money is on this being a Visa scam company bringing Chinese nationals over. The poorer ones probably got screwed, while the ones who paid (400k from one of his employees???) have probably vanished into the country. (I have nothing against the Chinese, or immigrants in general, I'm an immigrant myself, and I feel terrible for the innocent victims who have lost money, jobs, and for many, their american dream)
If your goal is to vanish into the US, you don't need $400k to do it.
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#9I have some issues with this sort of doxxing.
In fact unless a court decision is made I think it technically unfair to the company and their employee the way the mob has brought out their pichfork.
We have only heard the story from one person - and it makes the company and its CEO look like Satan's spawns - which in my experience never is 100% true.
Having said that, I am always a little unnerved browsing LinkedIn - you have CEOs, CFOs, Management always complaining about their employees, and employees doing cringy asskissing :( It makes me deeply sad what LinkedIn has turned into, LinkedIn just gives employers more power.
On the other hand I have noticed that HN, reddit are places where Labour ( employees ) come to complain.
Its just an interesting trend where two social networks exists - one for the capitalists and one for labor.
Re: A Silicon Valley Dream Collapses in Allegations of Fraud
#10There was extensive discussion on this topic here: https://news.ycombinator.com/item?id=12394679 Now it seems like the CEO faked his past work experience as well.
This might be the thread you were looking for (with 500+ comments): https://news.ycombinator.com/item?id=12379518
At the time, I'd suggested talking to the local DA's office about the fraud claim. If no one has done that yet, this would be a really good time, with New York Times coverage. They can prevent the CEO from leaving the country until this is resolved.