4 ms·
Neumann bought ownership stakes in properties which he then leased to WeWork. I don’t know if this meets the legal definition of fraud but it’s absurdly shady,
by neilk 4y ago
Neumann bought ownership stakes in properties which he then leased to WeWork. I don’t know if this meets the legal definition of fraud but it’s absurdly shady, a clear conflict of interest.
https://techcrunch.com/2019/01/16/we-company-ceo-in-hot-water-over-being-both-a-tenant-and-a-landlord/amp/ https://techcrunch.com/2019/01/16/we-company-ceo-in-hot-wate...
- benjaminwootton 4y agoFraud: “wrongful or criminal deception intended to result in financial or personal gain.” Not sure that fits as I assume it was both legal and didn’t involve any deception.
- solumos 4y agoIf it were illegal or did involve deception, surely his investors would have pursued legal action rather than giving him a golden parachute.
- wittycardio 4y agoI'm going to guess you're big on crypto too yeah ?
- solumos 4y agoShady? Yes Conflict of interest? Probably Fraud? Almost certainly not