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HeadSpin accused of $80M fraud, housing startup irks NIMBYs + Not Boring’s Packy McCormick | E1272
This Week in Startups
Lakani's Fraudulent Scheme to Sell Securities Stocks
Lakani engaged in a fraudulent scheme to propel head spin's valuation to over one billion dollars by falsely inflating the company's key financial metrics. He was instructing employees to include revenue from potential customers that inquired but did not engage head spin. In other words, this idiot, criminal moron was lying three different ways, at least that's how they caught him.
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