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The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses
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2023-08-06
The Information
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SoftBank sues former IRL CEO Abraham Shafi for fraud after investing $150M in IRL in 2021 on user metrics claims; IRL allegedly paid to fill the site with bots
There was a time Theranos was a unique story. Now we have IRL, Frank, FTX, Ozy Media, Headspin, etc. … X: Elon Musk / @elonmusk : @eringriffith Wow @zachweinberg : All you had to do to diligence IRL ...
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The Information
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SoftBank sues former IRL CEO Abraham Shafi for fraud after investing $150M in IRL in 2021 on user metrics claims; IRL allegedly paid to fill the site with bots
SoftBank sued former IRL CEO Abraham Shafi and five siblings and cousins for allegedly misleading the investor about the messaging app's growth …
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