Forbes Unveils The 'Hall Of Shame': A Journey From Heroes To Zeros
Forbes, the famous source of business triumphs and success stories, has taken a bold step by highlighting a different story.?Forbes has revealed the dark side of fame and success with its first-ever "Hall of Shame" list, marking a significant milestone in its illustrious history.?
The magazine examines more closely once-respected individuals who have suffered a dramatic fall from grace in this first-ever compilation.?
Forbes Breaks Tradition: Heroes Dethroned In The 'Hall Of Shame'
One of the most prestigious lists of the world's most promising individuals is?Forbes' "30 Under 30 List."?The individuals on this list have grown into billionaires, cultural ambassadors, and tech titans over the past 13 years.?
But some of the individuals on the list have also fallen out of favor.?Forbes unveiled its "Hall of Shame" list this year, which included individuals who had fallen out of favour years after being included on the publication's "30 Under 30 List."?
Those who were selected are as follows:
1.?Phadria Prendergast
It is alleged that the former chief editor of Women of the City Magazine accepted "cash for coverage."?Eleven of her previous clients have reported that she stole about $195,000 from them.?
2.?Lucas Duplan
Lucas Duplan raised $30 million in 2014 to launch Clinkle, a mobile payments startup.?
But shortly after raising the money, Duplan made a number of poor choices, including hiring a lot of people at once and renting an expensive San Francisco property. In the end, he failed to produce a workable product.?
Chinkle was considered a failure by the end of 2015.?
3.?Sam Bankman-fried and Caroline Ellison
The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, and his partner Caroline Ellison, the co-CEO of the cryptocurrency trading company Alameda Research, have been added to the list of people involved in related financial fraud cases.?
Bankman-Fried and Ellison raised millions of dollars for their respective companies in 2021 and 2022, but they were soon embroiled in legal issues.?
They face a maximum sentence of 110 years in prison if found guilty.?
4.?Steph Korey
The former co-founder and CEO of luggage company Away, Steph Korey, was humiliated when her former coworkers accused her of bullying and fostering a hostile work environment.?
5.?Charlie Javice
Charlie Javice gained notoriety in 2019 when he successfully raised $16 million for Frank, a startup that sought to match students with available financial aid.?
On the pretext that Frank has 4.25 million users, she sold this startup to JPMorgan Chase in 2021 for $175 million; however, it was later discovered that the actual numbers are much lower.?
She is scheduled to go on trial in October on fraud and conspiracy charges.?
6.?Nate Paul
At one point, Nate Paul owned a real estate empire estimated to be worth $1 billion.?
In June 2023, Paul faced eight charges of lying to lenders and was subsequently charged with four counts of fraud and?conspiracy.?
In July, he will go on trial.?
7.?Cody Wilson
Gun rights activist Cody Wilson first gained notoriety in 2012 when he established Defence Distributed, a nonprofit that disseminated open-source gun designs so that anyone could print three-dimensional firearms.?
He was charged with "injury to a child" in 2019 after being detained for paying to have sex with a 16-year-old he met on the website Sugardaddymeet.com.?
He later entered a guilty plea. Wilson received a seven-year probationary sentence and was forced to register as a sexual offender.?
8. James O¡¯Keefe
Before being fired from Project Veritas after thirteen years in charge, James O'Keefe faced accusations of embezzlement of donor funds.?
He established O'Keefe Media Group this year, but he was accused of the same things a few months later.?
The Westchester County District Attorney's Office is presently looking into him.?
9.?Martin Shkreli
A co-founder of several hedge funds with a focus on the pharmaceutical industry, Martin Shkreli, was found guilty of falsely inflating the cost of a crucial drug used to treat parasitic infections from $17.50 to $750 per tablet.?
In addition to serving four years in prison, he was banned from the pharmaceutical industry for life.?
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