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> How those situations are possible? Why investors are not making any kind of due diligence and background check on the founders and on the technology? Not onl

> How those situations are possible? Why investors are not making any kind of due diligence and background check on the founders and on the technology? Not only some people within the company questioned the magician's credentials but were fired for doing so and these people were subsequently harassed by the company itself to make them keep their mouth shut, in order to protect the "reputation" of the scammer. To me it seems like some higher ups were complicit... > Enochian’s former CFO is currently embroiled in an undisclosed lawsuit with Enochian’s leadership, claiming he was fired for asking “critical questions” about “serious financial improprieties” and large payments to Gumrukcu, and for questioning the company’s close association with an individual accused of numerous felonies. So many redflags...

lormayna 4y ago
> So many redflags... Redflags start with the history of the founder. If the VC asks about a PhD proof, the credibility of the founder will be destroyed. The funny things is that those scanners (as sociopathic narcissistic) know very well how to hide that with foggy and not verificable experiences. Sometimes I am thinking to found a startup that can verify the con men bullshit as a service
itsoktocry 4y ago
>So many redflags... Investors literally don't care about red flags: https://www.vox.com/recode/23142106/adam-neumann-crypto-carbon-credit-offset-flowcarbon https://www.vox.com/recode/23142106/adam-neumann-crypto-carb...
- lupire 4y ago
  Investors LOVE red flags. It shows a healthy can-do attitude that won't be blocked by laws or ethics.