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CEO of Tech Startup WrkRiot pleads guilty to Defrauding Employees

On Monday, the founder and chief executive officer of a now-defunct Silicon Valley technology company start-up known publicly as WrkRiot pleaded guilty for defrauding several of his company’s former employees by luring them to join his company based on false and misleading statements about his educational, professional and financial background, and by enticing them to… Read More »

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Goldman Sachs Acqui-hires Team Behind Credit Card Startup Final

On Monday, Goldman Sachs has acquired Final, an Oakland-based credit card startup. The new talent will help fuel the big bank’s expanding consumer efforts. Final cofounder and CEO Aaron Frank first announced the startup’s closure in early December, via blog post, but did not give a reason or disclose future plans. He and his team accepted… Read More »

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India’s Startup co-founder held for defrauding eight

A 30-year-old startup entrepreneur was arrested here on Friday for allegedly cheating at least eight persons and business firms of over Rs 64 lakh. Oindrila Dasgupta of Delhi, co-founder of Eat.Shop.Love (ESL) and a resident of CV Raman Nagar, east Bengaluru for some years before she moved to New Delhi recently , allegedly used her… Read More »

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Procurement start-up think hires ex-CBA and Asciano leader Peter McGregor

Procurement software start-up think has recruited former Asciano chief financial officer and Commonwealth Bank institutional banking managing director, Peter McGregor, as its chief executive, as it looks to enter a new high-growth phase and win major enterprise clients. The start-up, which was founded by one of the original leaders at SEEK, Adam Ryan, has also raised $7.5 million in… Read More »

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Ethereum Startup ConsenSys Hires IBM, Oracle Execs in a Bid to Expand

New York-based ethereum development startup ConsenSys has revealed a number of new hires, including several IBM employees and the former CEO of South Africa’s central securities depository (CSD). ConsenSys announced today that John Wolpert, former global blockchain offering director, will work to advance the startup’s product and venture efforts. Monica Singer, who left Strate this summer… Read More »

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