SEC Charges Ex-Circle Board Member With Investment Fraud
A former Circle board member is being sued by the US Securities and Exchange Commission (SEC) over alleged investment fraud, it has been revealed. According to a 13th May press release unsealed by the federal agency, Iftikar Ahmed is accused of fraud and self-dealing in connection with Oak Investment Partners. Ahmed served as a general partner at Oak, which took part in Circle's $17m Series B round. Two companies said to be under the control of Ahmed, Iftikar Ali Ahmed Sole Prop and I-Cubed Domains LLC, were named as relief defendants in the complaint. $55m in assets were frozen per an....
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Circle Internet Financial, a Boston-based company led by Jeremy Allaire hoping to transform payment processing for bitcoin, just got a board member who already serves on boards of prominent companies. She is Michele Burns, and she is presently the CEO of human resources consulting company Mercer. Aside from that, Burns serves on the board of Goldman Sachs and Cisco. But that's not all. She's also on the board of the Elton John AIDS Foundation and formerly serves on Wal-Mart's board, so if there's someone with some familiarity of the tech and finance industries, it's Burns. Circle Internet....
According to Fortune, Wall Street Heavy Weight, Michelle Burns has joined the Board of Circle. "Burns's move is another sign that Bitcoins are starting to gain some following among established financial players. She is the former CEO of human resources consulting firm Mercer. Along with Goldman (GS), she is also on the board of Cisco Systems (CSCO) and the Elton John Aids foundation. She is also a former board member of Wal-Mart (WMT). And her Wal-Mart connection might be the most valuable to Circle, and Bitcoin in general. A growing number of retailers are considering whether to accept....
Circle Internet Financial has closed a $17m Series B funding round and announced the launch of its first consumer product. The bitcoin company raised the $17m from various investors, including Breyer Capital, Accel Partners and General Catalyst Partners, bringing its total funding to date to $26m. Investment was also received from Oak Investment Partners, Pantera Capital and the Bitcoin Opportunity Fund, which is run by Barry Silbert, founder and chief executive officer of SecondMarket and founder of the Bitcoin Investment Trust. Leonard H. Schrank, the former chief executive officer of....
Circle Internet Financial, the company which very few know details about, has reportedly received a $17 million investment in Series B funding. The cash comes from a number of investors that include Breyer Capital, Accel Partners, General Catalyst Partners, Pantera Capital, and Barry Silbert of SecondMarket. Other investors who participated in the round include Circle board member Michele Burns, Leonard Schrank of SWIFT (Society for Worldwide Interbank Financial Telecommunication), and Fenway Summer, a consumer finance advisory with Raj Date at the helm (who's also on the Circle board).....
Circle Internet Financial Attracts Talent from Bitcoin Developer and American Express VP of Security
Circle Internet Financial is not messing around. Most recently (in late December) reports surfaced that indicated a Goldman Sachs and Cisco board member named Michele Burns had joined Circle's own board of directors. The company has today confirmed this news in a press release. We're also learning that the Boston-based start-up has attracted talent from a well-known developer and American Express. Michael Hearn is one of them. He's a lead bitcoin software developer and most definitely prominent in the community. He's also a senior security engineer at Google. The other is Michael Barrett,....