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Puzzle Financial CEO spends Thanksgiving hiding his federal ban on Wikipedia

patrickstoica.com
5 points·by pstoica·8 tháng trước·1 comments

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1 points·by pstoica·8 tháng trước·0 comments

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pstoica
·8 tháng trước·discuss
I'm a former software engineer at Puzzle Financial (Oct 2020 - May 2023; puzzle.io). Until today, Sasha Orloff has not acknowledged me publicly, relying on silence and whistleblower retaliation via Orrick.

Last night, Thanksgiving eve, he broke that silence on Wikipedia Help Desk, referring to me as "this user Patrick Stoica," calling federal CFPB documents and lawsuits "made up" and making surgical edits to hide that LendUp's lifetime lending ban covers him personally.

https://patrickstoica.com/puzzle-statement/#wikipedia-edit-w...

I've filed 5 SEC complaints, a California State Bar complaint (Case No. 25-O-30894), and a California Board of Accountancy complaint (Case No. A-2026-1047).

LendUp is a YC12 company. Puzzle received investments from a "YC Alum Syndicate" and has an active partnership onboarding YC companies. I've given YC advanced warning of Sasha's continued fraudulent conduct. They've chosen silence and censorship.

Any actions taken regarding this post will be similarly logged. They have already been notified; documentation is already in the SEC's hands.

https://patrickstoica.com/puzzle-statement/
pstoica
·6 năm trước·discuss
Decent salary, but that's not the point. I'm distraught to realize I spent 5 months on nothing, and it's not something I'm proud to have or explain on my CV. It's cruel how much money these people throw away, but we were misled into thinking it was real. I wouldn't have taken this position to support such a scumbag.
pstoica
·6 năm trước·discuss
Hell no, a $400 million valuation made no sense, but he kept feeding us these lies.
pstoica
·6 năm trước·discuss
The SEC tried investigating since December 2019, possibly earlier. Again, public information.
pstoica
·6 năm trước·discuss
We can't fathom it either!
pstoica
·6 năm trước·discuss
Anyway folx, don't invest in a "hot startup" you've never heard of.
pstoica
·6 năm trước·discuss
I was someone at the bottom of the totem pole who tried to do my job and ask what questions I could. I certainly noticed a lack of analytics or basic traffic/revenue/customer data. Retroactively, it was obvious that this was essentially a fake job, but I couldn't piece this together and there wasn't enough company-wide transparency.

The fake financial statements were publicly released: https://www.justice.gov/usao-sdny/press-release/file/1317641...
pstoica
·6 năm trước·discuss
This is simply not the case. Adam lied to everyone's face for years. Read the documents and financial statements if you think this is just a little "flex" every couple of slides.
pstoica
·6 năm trước·discuss
I didn't have all the information that's coming out now. People tried. Read the article. The last investment was finalized days after someone raised concerns after realizing we didn't contact 70% of our customers.
pstoica
·6 năm trước·discuss
Ex-employee here. Adam Rogas is a pathological liar and sociopath who dragged this out for years. I don't know how multiple audits failed to raise red flags over multiple $999,999.99 fake Stripe payouts. He literally inserted millions every few lines that didn't match up with the data around it. They never asked anyone else to produce the same report. Everyone involved should never be responsible for this amount of money again (looking at you, Lightspeed).

If your CEO is actively siloing all financial and customer information, your entire company needs to speak up and get on the same page. Don't let this happen to you.