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CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors - Duo paid themselves $600K salaries as the cupboard was emptying (www.theregister.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors - Duo paid themselves $600K salaries as the cupboard was emptying::Duo paid themselves $600K salaries as the cupboard was emptying

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[-] mesamunefire@lemmy.world 19 points 10 months ago

We would get a large amount of client projects, create an app that solves their problem, deploy it on their infrastructure. Rinse and repeat. I was specifically on the software development and later devops side. My job was a huge amount more profitable than the rest of the org.

[-] Crashumbc@lemmy.world 3 points 10 months ago

Basically subcontracting

[-] mesamunefire@lemmy.world 1 points 10 months ago

Yep.

this post was submitted on 10 Nov 2023

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