Did my old job only exist because of fraud?(david.newgas.net)
831 points by advisedwang 45 days ago | 418 comments
tl;dr: A software engineer reflects on his early-career job at GenieDB, a startup acquired by Frost VP, whose owner Stuart Frost was later sued by the SEC for fraud involving excessive fees charged to portfolio companies. Digging into court evidence, the author found emails suggesting GenieDB was kept alive primarily to siphon investor money via fees, though the core technical concept had genuine merit predating Frost's involvement. He grapples with the realization that his move to the US and entire life trajectory may have hinged on a fraudulent scheme.
HN Discussion:
  • Sharing similar personal stories of corporate fraud and waste reinforces the article's experience
  • Many companies exist for purposes other than profit, normalizing the author's discovery
  • The author is also a victim of the fraud and deserves sympathy
  • ~Working on failed or abandoned projects is common and not uniquely fraudulent
  • Wealth and corporate systems have always been built on corruption, so this is unsurprising