In February 2016, the CFO and treasurer of Fundrise’s new eREIT was fired over rumors of extortion. The news was made public after the company filed an SEC report claiming that their employee, Michael McCord, attempted to extort over $1 million from the company. We now know a little bit more about the circumstances surrounding these allegations and the results of the investigations that followed.
Read the article here:
http://www.crowdfundingpr.org/new-detai ... o-scandal/
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