IRL: Founder of collapsed social media site charged with fraud
Source: BBC
Authorities in the US have charged the founder of the former social media company, IRL, with a $170m (£133m) fraud.The Securities and Exchange Commission (SEC) accuses Abraham Shafi of defrauding investors by making misleading statements about the company’s growth.IRL - which was once considered a potential rival to Facebook - took its name from its intention to get its online users to meet up in real…
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