So problematic. Allegations of 90% revenue being fake

1. hiring very expensive law firms with kick back.  2. Buying the office space and then hiking the rent to the office around 5x and made money. 3. Fake invoices 4. hiring friends companies for consulting 5. setting up shell companies for hiring 6. Buying Forbes 30 under 30 slots with VC money Make this list more exhaustive. I want to say to these founders : bhai kisko chutiya bana rahe ho... And after all this, they have galls to become Gyan chodeswar on LinkedIn, podcasts etc.

Recently a fraud has been exposed at MooFarms wherein the Head of Finance is blamed to have siphoned around INR 10cr, while he has registered an FIR against the founders for taking out the money by inflating the vendor invoices. What is your take, who can provide the insight?

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio. They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now. The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.

Groyyo startup

Context - Morning Context article on Teachmint https://themorningcontext.com/internet/teachmint-is-the-latest-edtech-on-the-verge-of-a-crisis

You can mention current/ex company. Or don't mention. Just say the scam. Let the common things be known.

Just got super curious