5min chapter

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HeadSpin accused of $80M fraud, housing startup irks NIMBYs + Not Boring’s Packy McCormick | E1272

This Week in Startups

CHAPTER

Hetsben's Shares Are Taking Chips Off the Table

Lah wani enriched himself by selling two point five million of his headspin shares in a fun racing round during which he made misrepresentations to existing head spins investor. An audit conducted in mid 20 20 found that hetsben's total cumulative revenue from inception was only 26 million, instead of the 95 million they reported to investors. And this is why you always get directors insurance, because now this is going to result in lawsuits. Because you have criminal activity, it makes the lawsuits that much easier.

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