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17 Of The Biggest Startup Frauds Of All Time

CB Insights

want to know THE TOP 20 REASONS STARTUPS FAIL? Holmes and Balwani face fines of $2M each and up to 20 years in prison, and are also likely to be expected to pay restitution to the victims they defrauded. The Honest Company’s branding and promotional materials claimed that the firm’s goods were free of synthetic chemicals.

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