Tag Archives: Silicon

Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors

The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.San Francisco-based Prosper is a marketplace lender that, through its website, … Continue reading

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FRAUD !!!!! CEO OF SILICON VALLEY START UP CHARGED BY SEC.

The SEC (Securities and Exchange Commission) on April 2, 2019 charged the founder a Silicon Valley startup with defrauding investors in Jumio Inc. a private mobile payments company. Former CEO, Daniel Mattes, agreed to pay more than $17 million to … Continue reading

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SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors

The Securities and Exchange Commission today charged the founder and former chief executive of a Silicon Valley startup with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay more than $17 … Continue reading

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Why Silicon Valley’s “growth at any cost“ is the new ”unsafe at any speed“

(video link) If there's one person outside of government who has stood against Facebook's crashing wave, it's Ashkan Soltani. Late last year, the independent privacy researcher was suddenly called to speak before the UK Parliament about Facebook's privacy practices, simply … Continue reading

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DealBook: For His Next Act, Ken Chenault Turns His Focus on Silicon Valley

Seeing an opportunity to have a larger impact on Silicon Valley and its business culture, Mr. Chenault plans to join the venture capital firm General Catalyst Partners. Read more detail on Recent Business Law posts –

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