Back to feeds

Nawal

 • 

SELF • 7m

Startup Scandals: The Rise of Fraudulent Practices - HeadSpin ex-founder Manish Lachwani’s fraudulent actions landed him in prison for fabricating revenue and falsifying invoices, signaling a concerning trend within tech startups. - His case, alongside controversies at Bolt, BloomTech, Nikola, Binance, and FTX, paints a worrying picture of deceit in the industry. This surge in fraudulent behavior is partly attributed to the influx of capital during periods of low interest rates, leading to rushed due diligence and a lax regulatory environment. - As markets peak, fraud tends to escalate, serving as a stark warning for investors to exercise caution. The startup landscape demands heightened scrutiny, with integrity and transparency becoming paramount for sustainable growth. Let’s remain vigilant and prioritize ethical practices to foster a trustworthy ecosystem.

4 replies13 likes
1
Replies (4)

More like this

Recommendations from Medial

Anonymous

So Bhavish an his team just lied and made fraudulent claims all across. No responsibility as a publicly listed company?

0 replies2 likes
Image Description

Mayank Kumar

Stealth • 5m

Such a power story and hindenburg made just over $4 Million, after shorting Adani from its report stating Adani gains are fraudulent! Do you think this was part of a larger scandel or something?

1 replies6 likes
Image Description
Image Description

Payal Manghnani

Stealth • 3m

Navigate Zoom Like a Pro: Essential Insights and Best Practices Integration Insights: Information on how Zoom integrates with popular tools and applications, enhancing collaboration and productivity. Security Best Practices Guidance on utilizing

See More
6 replies6 likes

Pranay Kumbhare

Stealth • 1m

Hey everyone! I’m on looking for a CTO to join my startup. If you have a experience in both front-end and back-end development, particularly with React.js, Node.js, Next.js, PostgreSQL, and MongoDB. Familiarity with tools like Figma, AWS, Docker, and

See More
0 replies6 likes
Image Description
Image Description

Nawal

Stealth • 3m

🚨 Warning to All Startups Beware of Fraudulent Investors Like Sushant Kumar Nayak and Eskeyn Ventures In the world of startups, securing investments is a critical milestone. But what happens when the investors themselves are fraudulent? Meet Sus

See More
8 replies8 likes
1

Sanskar

Stealth • 6m

Fabheads Automation is a chennai based start-up which was founded in 2015 by former ISRO engineers Dhinesh Kanagaraj and Abhijeet Rathore, along with Akshay Ballal. Noticing the huge demand of carbon fiber by ISRO and the delays caused in its manufa

See More
0 replies4 likes
Image Description
Image Description

Rohan Saha

Stealth • 9m

Tyke Invest, a fintech company, has sent a legal notice to Geeani Agritech for committing fraudulent acts with their CSOPs investors. According to Tyke, Geeani Agritech raised funds from them and later closed their offices without informing anyone. T

See More
16 replies17 likes

Sahil Shaikh

Stealth • 8m

Most individuals should actively seek to enhance their existing practices by learning to operate more efficiently. Efficiency plays a crucial role and positively impacts our economy, whether we are working on a small or large scale. Strive for eff

See More
0 replies6 likes

Abubakkar Siddiq

Stealth • 1m

Attention founders and digital marketers! Are fraudulent clicks draining your budget and ruining your ROI? We’re on the verge of launching a revolutionary tool that will automatically detect and block fraud, saving you time and money. Before we

See More
0 replies1 like
Image Description
Image Description

John Milton

Stealth • 7m

Startup Name: AgroGrad Problem Statement: Traditional agricultural knowledge is fading away due to a disconnect between generations. Younger individuals lack exposure to farming practices, while experienced farmers struggle with modern technologies.

See More
16 replies16 likes
2

Download the medial app to read full posts, comements and news.