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Did my old job only exist because of fraud? A decade later, the SEC answers (david.newgas.net)

A single 2014 internal email reframed everything: "Right now we need 2 more companies to cover our costs." If a startup is kept alive only to justify the fees charged against it, was its work ever real?

The author's verdict cuts the other way. The core database tech was real and his code shipped; the chef-and-cleaner expenses were someone else's scheme. The fraud sat above him, not in his commits.

The thread surfaced uglier cases: engineers who had unknowingly stood inside far larger frauds, from markups to a $10B telecom collapse.

📈Biz ★ 269 · 💬 124 · Jun 22 · #culture#economy#startups#Frost VP#GenieDB#SEC+2