Promising Infusions of Cash, Fake Investor John Bernard Walked Away With $30M

Credit to Author: BrianKrebs| Date: Wed, 07 Oct 2020 14:58:51 +0000

September featured two stories on a phony tech investor named John Bernard, a pseudonym used by a convicted thief named John Clifton Davies who’s fleeced dozens of technology companies out of an estimated $30 million with the promise of lucrative investments. Those stories prompted a flood of tips from Davies’ victims that paint a much clearer picture of this serial con man and his cohorts, including allegations of hacking, smuggling, bank fraud and murder.

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Due Diligence That Money Can’t Buy

Credit to Author: BrianKrebs| Date: Mon, 14 Sep 2020 19:47:01 +0000

Most of us automatically put our guard up when someone we don’t know promises something too good to be true. But when the too-good-to-be-true thing starts as our idea, sometimes that instinct fails to kick in. Here’s the story of how companies searching for investors to believe in their ideas can run into trouble.

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