Article: Ex-CEO of social media startup admits duping investors by claiming company had ‘Shark Tank’ backing

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Ex-CEO of social media startup admits duping investors by claiming company had ‘Shark Tank’ backing

Lukas I. Alpert, 22 July 2021

The former chief executive of a social media startup that pitched itself as a Facebook for small businesses has pleaded guilty to swindling investors using forged documents claiming a “Shark Tank” investor was a backer and that e-commerce platform Shopify wanted to buy the company.

Glen Zinszer, 51, of Liverpool, N.Y., also admitted he had instructed employees of his now-defunct company, Brazzlebox, to create fake user accounts, including for several high-profile people, to make it look to investors like the platform was performing better than it was, federal prosecutors said. Continue reading “Article: Ex-CEO of social media startup admits duping investors by claiming company had ‘Shark Tank’ backing”