Alternatively, go direct with this link: theinformation.com/articles/ramp-…
Sources detail how Ramp investors Joe Lonsdale and Keith Rabois pushed US lawmakers to probe rival Airwallex's China ties after Airwallex scrapped a Ramp deal (@MichaelRoddan / The Information)
(Visit Techmeme dot com for the link and full context!)
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Michael Roddan retweeted
Fun story by the great @MichaelRoddan on the Ramp-Airwallex feud, including a failed partnership and Airwallex's new Trump world lobbyist.
Who said spend management can't be entertaining:
theinformation.com/articles/ramp-…
Who said spend management can't be entertaining:
theinformation.com/articles/ramp-…
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🏈BAD BLOOD YARN🏈
Last year Ramp CEO Eric Glyman received some bad news: A deal was falling apart. Airwallex was killing an international payments partnership between the two firms.
Next minute, all hell broke loose.
Read more in @theinformation 👇
theinformation.com/articles/ramp-…
Last year Ramp CEO Eric Glyman received some bad news: A deal was falling apart. Airwallex was killing an international payments partnership between the two firms.
Next minute, all hell broke loose.
Read more in @theinformation 👇
theinformation.com/articles/ramp-…
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John Mack and his wife, Christy Mack, spent six years overhauling their Upper East Side home, now the priciest townhouse for sale in the city. on.wsj.com/4hAp6DM
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Michael Roddan retweeted
Who is Zach Frankel?
The question has been circulating around X over the past few days.
I wrote the first-ever profile of the secretive Ramp and Cognition investor, who is considered a cofounder of multiple of his portfolio companies -- covering everything from how he meets founders to what his unusually hands-on help consists of.
Features interviews with the likes of @eglyman, @alextaubman & @ScottWu46.
Some highlights:
-- Editing college essays for the siblings of founders
-- Air Frankel, the private jet sometimes used by his founders
-- "Capitalism with friends"
-- More insight into his $185 B + in portfolio companies
-- A $70 M Juul dividend
-- A passion for pandemics
-- Recruiting much of Team USA from the International Olympiad in Informatics
Still lots of mystery here, especially how he went from six months of interning at Founders Fund to solo investing in his 20s.
theinformation.com/articles/shrou…
The question has been circulating around X over the past few days.
I wrote the first-ever profile of the secretive Ramp and Cognition investor, who is considered a cofounder of multiple of his portfolio companies -- covering everything from how he meets founders to what his unusually hands-on help consists of.
Features interviews with the likes of @eglyman, @alextaubman & @ScottWu46.
Some highlights:
-- Editing college essays for the siblings of founders
-- Air Frankel, the private jet sometimes used by his founders
-- "Capitalism with friends"
-- More insight into his $185 B + in portfolio companies
-- A $70 M Juul dividend
-- A passion for pandemics
-- Recruiting much of Team USA from the International Olympiad in Informatics
Still lots of mystery here, especially how he went from six months of interning at Founders Fund to solo investing in his 20s.
theinformation.com/articles/shrou…
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Michael Roddan retweeted
I have so many questions.
🚨 OCC Finreg Mystery (Partially?) Solved 🚨
It’s been almost three years since we reported that the Office of the Comptroller of the Currency’s first chief financial technology officer had falsified, basically, the entire resume he submitted to secure the job leading the ice fintech firms and the banks that power them. (Story here: tinyurl.com/57muphth)
Still, there were a few outstanding questions: How did he get the $300,000-a-year role? Why did he suddenly disappear after just a few months on the job? And, uhh, what on earth?
As @theinformation wrote at the time, Prashant Bhardwaj claimed to have worked at a number of big institutions such as Fifth Third Bank (which never employed him), Huntington National Bank (which employed others in the CIO job he claimed to have held), and Accenture (which only had a record of someone with the same name in a far more junior role than the one he claimed).
Judging from the FOIA documents, this appeared to be news to the regulator. As were his claimed educational attainments, which appeared to come from a university that did not exist (as reported by the talented @mikulaja, who first noted Bhardwaj’s abrupt departure from the job).
Well, last week, a long-forgotten FOIA application returned some interesting documents, including a withering termination letter drafted by the OCC just three months into Bhardwaj’s tenure. It makes for curious reading. Some of the (ah, alleged) concerns raised by senior staff include:
🛑 A predilection to avoid meeting other staff in the Office of Financial Technology he oversaw or in other departments
🛑 Repeatedly complaining that he was “put on the spot” when asked to address staff about matters in his remit
🛑 Telling other departments his office would be taking over their functions and sharing “unapproved draft ideas” with the Federal Reserve and the European Central Bank
🛑 A bizarre conflict over his demand for a bigger office located on a higher floor than the one available to him
🛑 A failure to submit time reports, expenses or complete online training
🛑 Telling admin staff to “Leave it be for now” when asked about hotel receipts, seeking to travel at government expense to return to the hotel to obtain a receipt, or that he “use a family member or friend’s private plan” to travel for work.
👇 Your taxpayer dollars, hard at work 👇
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Michael Roddan retweeted
Absolutely an insane firing memo for the short-lived OCC chief fintech officer who faked his resume. Still not clear how he got hired in the first place though!
🚨 OCC Finreg Mystery (Partially?) Solved 🚨
It’s been almost three years since we reported that the Office of the Comptroller of the Currency’s first chief financial technology officer had falsified, basically, the entire resume he submitted to secure the job leading the ice fintech firms and the banks that power them. (Story here: tinyurl.com/57muphth)
Still, there were a few outstanding questions: How did he get the $300,000-a-year role? Why did he suddenly disappear after just a few months on the job? And, uhh, what on earth?
As @theinformation wrote at the time, Prashant Bhardwaj claimed to have worked at a number of big institutions such as Fifth Third Bank (which never employed him), Huntington National Bank (which employed others in the CIO job he claimed to have held), and Accenture (which only had a record of someone with the same name in a far more junior role than the one he claimed).
Judging from the FOIA documents, this appeared to be news to the regulator. As were his claimed educational attainments, which appeared to come from a university that did not exist (as reported by the talented @mikulaja, who first noted Bhardwaj’s abrupt departure from the job).
Well, last week, a long-forgotten FOIA application returned some interesting documents, including a withering termination letter drafted by the OCC just three months into Bhardwaj’s tenure. It makes for curious reading. Some of the (ah, alleged) concerns raised by senior staff include:
🛑 A predilection to avoid meeting other staff in the Office of Financial Technology he oversaw or in other departments
🛑 Repeatedly complaining that he was “put on the spot” when asked to address staff about matters in his remit
🛑 Telling other departments his office would be taking over their functions and sharing “unapproved draft ideas” with the Federal Reserve and the European Central Bank
🛑 A bizarre conflict over his demand for a bigger office located on a higher floor than the one available to him
🛑 A failure to submit time reports, expenses or complete online training
🛑 Telling admin staff to “Leave it be for now” when asked about hotel receipts, seeking to travel at government expense to return to the hotel to obtain a receipt, or that he “use a family member or friend’s private plan” to travel for work.
👇 Your taxpayer dollars, hard at work 👇
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🚨 OCC Finreg Mystery (Partially?) Solved 🚨
It’s been almost three years since we reported that the Office of the Comptroller of the Currency’s first chief financial technology officer had falsified, basically, the entire resume he submitted to secure the job leading the ice fintech firms and the banks that power them. (Story here: tinyurl.com/57muphth)
Still, there were a few outstanding questions: How did he get the $300,000-a-year role? Why did he suddenly disappear after just a few months on the job? And, uhh, what on earth?
As @theinformation wrote at the time, Prashant Bhardwaj claimed to have worked at a number of big institutions such as Fifth Third Bank (which never employed him), Huntington National Bank (which employed others in the CIO job he claimed to have held), and Accenture (which only had a record of someone with the same name in a far more junior role than the one he claimed).
Judging from the FOIA documents, this appeared to be news to the regulator. As were his claimed educational attainments, which appeared to come from a university that did not exist (as reported by the talented @mikulaja, who first noted Bhardwaj’s abrupt departure from the job).
Well, last week, a long-forgotten FOIA application returned some interesting documents, including a withering termination letter drafted by the OCC just three months into Bhardwaj’s tenure. It makes for curious reading. Some of the (ah, alleged) concerns raised by senior staff include:
🛑 A predilection to avoid meeting other staff in the Office of Financial Technology he oversaw or in other departments
🛑 Repeatedly complaining that he was “put on the spot” when asked to address staff about matters in his remit
🛑 Telling other departments his office would be taking over their functions and sharing “unapproved draft ideas” with the Federal Reserve and the European Central Bank
🛑 A bizarre conflict over his demand for a bigger office located on a higher floor than the one available to him
🛑 A failure to submit time reports, expenses or complete online training
🛑 Telling admin staff to “Leave it be for now” when asked about hotel receipts, seeking to travel at government expense to return to the hotel to obtain a receipt, or that he “use a family member or friend’s private plan” to travel for work.
👇 Your taxpayer dollars, hard at work 👇
It’s been almost three years since we reported that the Office of the Comptroller of the Currency’s first chief financial technology officer had falsified, basically, the entire resume he submitted to secure the job leading the ice fintech firms and the banks that power them. (Story here: tinyurl.com/57muphth)
Still, there were a few outstanding questions: How did he get the $300,000-a-year role? Why did he suddenly disappear after just a few months on the job? And, uhh, what on earth?
As @theinformation wrote at the time, Prashant Bhardwaj claimed to have worked at a number of big institutions such as Fifth Third Bank (which never employed him), Huntington National Bank (which employed others in the CIO job he claimed to have held), and Accenture (which only had a record of someone with the same name in a far more junior role than the one he claimed).
Judging from the FOIA documents, this appeared to be news to the regulator. As were his claimed educational attainments, which appeared to come from a university that did not exist (as reported by the talented @mikulaja, who first noted Bhardwaj’s abrupt departure from the job).
Well, last week, a long-forgotten FOIA application returned some interesting documents, including a withering termination letter drafted by the OCC just three months into Bhardwaj’s tenure. It makes for curious reading. Some of the (ah, alleged) concerns raised by senior staff include:
🛑 A predilection to avoid meeting other staff in the Office of Financial Technology he oversaw or in other departments
🛑 Repeatedly complaining that he was “put on the spot” when asked to address staff about matters in his remit
🛑 Telling other departments his office would be taking over their functions and sharing “unapproved draft ideas” with the Federal Reserve and the European Central Bank
🛑 A bizarre conflict over his demand for a bigger office located on a higher floor than the one available to him
🛑 A failure to submit time reports, expenses or complete online training
🛑 Telling admin staff to “Leave it be for now” when asked about hotel receipts, seeking to travel at government expense to return to the hotel to obtain a receipt, or that he “use a family member or friend’s private plan” to travel for work.
👇 Your taxpayer dollars, hard at work 👇
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🚓 New 🚓
Tether, the world's largest stablecoin firm, caught up in a U.S. seizure of cash owned by offshore Caribbean bank, which was using an (allegedly) shady operator to access the U.S. financial system
Story w/@Yueqi_Yang 👇
theinformation.com/articles/one-t…
Tether, the world's largest stablecoin firm, caught up in a U.S. seizure of cash owned by offshore Caribbean bank, which was using an (allegedly) shady operator to access the U.S. financial system
Story w/@Yueqi_Yang 👇
theinformation.com/articles/one-t…
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Michael Roddan retweeted
So we're now in a world where you can claim a scoop saying people "discussed asking" someone to invest money? shouldn't we at least have that they approached that person before reporting it?
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Michael Roddan retweeted
Erebor wants to be the first US bank in markets reopening to the global financial system.
Venezuela first, now Syria.
Basically: take geopolitical + compliance risk that big banks won’t, and become the financial bridge before others show up.
theinformation.com/articles/lucke…
Venezuela first, now Syria.
Basically: take geopolitical + compliance risk that big banks won’t, and become the financial bridge before others show up.
theinformation.com/articles/lucke…
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🇸🇾NEW🇸🇾
Palmer Luckey's Erebor Bank, fresh from becoming a vital new financial bridge between the U.S. and Venezuela, is eyeing a new foreign foray: expanding into Syria.
theinformation.com/articles/lucke…
Palmer Luckey's Erebor Bank, fresh from becoming a vital new financial bridge between the U.S. and Venezuela, is eyeing a new foreign foray: expanding into Syria.
theinformation.com/articles/lucke…
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...June
🎱 NEW 🎱
Along with insider trading, state lawsuits, national bans and anti-gambling critics, Polymarket and Kalshi are grappling with another potentially costly problem: fraud rings and crooks taking advantage of their payments systems.
theinformation.com/articles/polym…
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🆕 new 🆕
Just how crypto-friendly should a crypto-friendly bank be? For Erebor, the new bank launched by Palmer Luckey, the sweetener it was offering new customers in the crypto industry was maybe slightly too friendly...
Just how crypto-friendly should a crypto-friendly bank be? For Erebor, the new bank launched by Palmer Luckey, the sweetener it was offering new customers in the crypto industry was maybe slightly too friendly...
Erebor Bank attracted crypto clients this year with a pitch -- the bank would convert their Circle and Tether stablecoins to cash for free.
Sophisticated crypto trading firms quickly figured out a way to make an easy profit out of the offer -- at a cost to Erebor.
Story with @MichaelRoddan
theinformation.com/articles/erebo… 1/
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Michael Roddan retweeted
Who is Sergey Brin's 'MAGA girlfriend?' A story about fame, money and the reality TV nature of Trumpworld politics. My latest for @VanityFair: vanityfair.com/story/sergey-b…
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Michael Roddan retweeted
Latest from me: Ahead of Tim Cook's last day as CEO next week, the company held a small party for him last night, where OneRepublic played and he acknowledged a partner named Mike
theinformation.com/articles/apple…
theinformation.com/articles/apple…
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Michael Roddan retweeted
NEWS: Cami Clark is something like the first lady of Anthropic. But she has had no public profile.
We traced her winding road trying to make it and build social connections in tech.
It's one of the most fascinating untold stories of anyone close to the center of AI.
theinformation.com/articles/anthr…
We traced her winding road trying to make it and build social connections in tech.
It's one of the most fascinating untold stories of anyone close to the center of AI.
theinformation.com/articles/anthr…
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