
Joonko founder pleads guilty to $27M fraud, faces 20 years
Joonko's founder Ilit Razt pleads guilty to securities fraud, admitting to misleading investors about the AI hiring startup's revenue and customers.
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Joonko's founder Ilit Razt pleads guilty to securities fraud, admitting to misleading investors about the AI hiring startup's revenue and customers.

A new study reveals that VC-backed startups are 19% more likely to face fraud charges, with investors playing a key role in enabling fraudulent behavior.