Fintech 'Unicorn' Founder Stole $48M In Scam, SEC Claims

By Dorothy Atkins (April 2, 2018, 6:05 PM EDT) -- The U.S. Securities and Exchange Commission hit the founder of the cloud-based mobile financial services startup Mozido Inc. with a lawsuit in Maine federal court Friday, claiming he, his attorney and others close to him tricked hundreds of investors into funding shell companies and stole more than $48 million to fund their lavish lifestyles....

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