Financial MarketsFortuneThu, Sep 4, 2025, 4:30 PMNegative

CEO who ran tech unicorn once valued at $1.2 billion charged with fraud after allegedly spending millions on his wedding and art classes

Abraham Shafi, the CEO of the tech startup IRL, has been charged with fraud after allegedly misusing millions of dollars for personal expenses, including his wedding and art classes. He faces over 20 years in prison.

CEO who ran tech unicorn once valued at $1.2 billion charged with fraud after allegedly spending millions on his wedding and art classes

WPN Brief

Abraham Shafi, the CEO of the tech startup IRL, has been charged with fraud after allegedly misusing millions of dollars for personal expenses, including his wedding and art classes. He faces over 20 years in prison.
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