Seedin Technology Inc., a digital crowdfunding portal, has suspended payouts to stakeholders following allegations of fraudulent activity by its former CEO, Edison Tsai. The company announced that Tsai has been replaced by Neil Raymundo, who has over 30 years of experience in various sectors including fintech. Seedin Technology did not disclose the details of Tsai’s alleged fraudulent transactions but said that they could potentially impact the company’s ability to meet its obligations.
Seedin drops payouts: venture capital firm in suspension
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