🚨 SHOCKING: Bill Gates’ daughter could face UP TO 20 YEARS in prison over an alleged “fake sales” scheme.
Her startup Phia reportedly used “cookie stuffing” to secretly claim commissions on purchases it didn’t actually drive, according to Bloomberg.
The alleged scheme wasn’t small.
It reportedly accounted for 51% of Phia’s total sales.
Then the feature was removed Daily revenue reportedly COLLAPSED from roughly $80,000 to under $28,000.
That’s a massive drop and it raises a bigger question:
How much of the company’s reported growth was actually organic?
Cookie stuffing can trigger federal wire fraud charges carrying penalties of up to 20 years in prison.
A startup built around shopping savings is now facing a legal storm that could have consequences far beyond lost revenue.
From Silicon Valley hype To federal scrutiny.
This story is just getting started.
#BreakingNews #Business #Finance #Tech #Crypto
Her startup Phia reportedly used “cookie stuffing” to secretly claim commissions on purchases it didn’t actually drive, according to Bloomberg.
The alleged scheme wasn’t small.
It reportedly accounted for 51% of Phia’s total sales.
Then the feature was removed Daily revenue reportedly COLLAPSED from roughly $80,000 to under $28,000.
That’s a massive drop and it raises a bigger question:
How much of the company’s reported growth was actually organic?
Cookie stuffing can trigger federal wire fraud charges carrying penalties of up to 20 years in prison.
A startup built around shopping savings is now facing a legal storm that could have consequences far beyond lost revenue.
From Silicon Valley hype To federal scrutiny.
This story is just getting started.
#BreakingNews #Business #Finance #Tech #Crypto