The FBI is investigating a startup founder accused of using VC money to pay for her house and a Caribbean wedding
[...]"Luckey painted a rosy picture for investors of ComplYant's business performance, allegedly telling investors that ComplYant's monthly revenues had grown from around $2,500 in November 2020 to over $250,000 by September 2022, and that the company was bringing in dozens if not hundreds of new paying subscribers each month," the SEC said in a statement. "However, ComplYant only generated on average monthly revenues of about $250 during roughly the same time period and averaged fewer than four new subscribers each month."
Luckey also represented herself as a CPA, but there is no record of her ever having the accreditation, according to the complaint.[...]
https://www.businessinsider.co....m/founder-accused-us
