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Did Adam Neumann commit fraud? I don't know his story well enough to comment on that. There's a big difference between fraud and incompetence.
by devoutsalsa 3y ago
Did Adam Neumann commit fraud? I don't know his story well enough to comment on that. There's a big difference between fraud and incompetence.
- tommiegannert 3y agoSelling the We trademark for $5.9M to his own company was likely not fraud, but it sure was questionable. https://www.businessinsider.com/wework-ceo-gives-back-millions-from-we-trademark-after-criticism-2019-9 https://www.businessinsider.com/wework-ceo-gives-back-millio...
- ergocoder 3y agoHe certainly didn't hide it. It was in S-1.
- pen2l 3y agoI also don't know enough to say much of substance, it appears NYAG was looking at it for a bit but backed off: https://www.reuters.com/article/us-wework-newyork-investigation-exclusiv/exclusive-new-york-state-attorney-general-investigating-wework-sources-idUSKBN1XT01J https://www.reuters.com/article/us-wework-newyork-investigat... Either way, he is failing upward. With Andreessen Horowitz's blessings this time he's back to rent-seeking schemes, this time it'll be the small people who will experience his flare: https://en.wikipedia.org/wiki/Flow_(real_estate_company) https://en.wikipedia.org/wiki/Flow_(real_estate_company) I expect he'll do it all in the open view, but again the mass land buying-spree he's been on, it can't help but invite disdain for the guy and worry for those who will be in his eye-sight.