Posted on 06/26/2023 5:42:28 PM PDT by nickcarraway
Joonko, a New York City-based startup that created an AI-powered job board to improve diversity in hiring, is on the brink of collapse after its CEO allegedly duped investors with an elaborate scheme to exaggerate the size of the company’s business.
Joonko founder and CEO Ilit Raz resigned after an internal probe found she had “engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and its shareholders,” the startup’s board of directors said in a statement obtained by The Post.
Raz allegedly misled investors by claiming Joonko was working with 150 companies “when in practice the number was significantly smaller,” according to Israeli tech news outlet CTech, which first reported on the allegations against Raz. News of Raz’s alleged scheme — which comes after the company raised $25 million in cash from investors last fall — included the submission of fake invoices that were attributed to real people at real companies, fake wire transfers and even fake bank accounts, a source with knowledge of the situation told The Post.
(Excerpt) Read more at nypost.com ...
I like to stagger my fraud. A little here, a little there. Not all at once.
go woke go broke
Joonko founder and CEO Ilit Raz...
Wow! Looks great!
Where do I sign?
If you want to see an example of falling out of the ugly tree and hitting every branch on the way down, do an image search for her.
A friend of mine used to say “They don’t hit her with an ugly stick they fell the whole f’n tree on her.”
You are not a woke woman.
Is Ilit a relative of Hunter Biden?
Is Ilit a relative of Hunter Biden?
“AI-Powered Diversity Recruiting Firm Joonko in Chaos as CEO Accused of ‘Staggering’ Fraud”
Most of us in the HR world knew something was really strange with this company.
At the end of the day, it blows my mind that a sizable chunk of folks out there actually believe that the liberal tech start-ups, corporate leaders, etc actually give a crap about anything other than their paychecks.
They put on a great show about how DEI they are when all they care about are those checks clearing and living in insane homes and private jets.
So many are so easily duped.
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