Did my old job only exist because of fraud?(david.newgas.net)
604 points by advisedwang 14 hours ago | 266 comments
tl;dr: A software engineer reflects on his early-career job at GenieDB, a UK startup acquired by Stuart Frost's VC fund, which later faced SEC fraud charges for charging portfolio companies excessive fees. Digging into court records, the author found evidence suggesting GenieDB may have been kept alive primarily to siphon investor money through fees, though the core technology concept was legitimate. He grapples with the realization that the fraud indirectly shaped his entire life, including his move to the US.
HN Discussion:
  • Sharing similar personal experiences of working in companies involved in fraud or waste
  • Corporate waste and squandered budgets are widespread and akin to investor fraud
  • The author shouldn't feel shaken since they did honest work and benefited
  • ~Many jobs are essentially pointless or ethically questionable, not just fraud-related ones
  • Providing supporting reference material about Stuart Frost's fraud