{"slug":"biggest-frauds","title":{"en":"Biggest Startup Frauds by Capital Raised","es":"Los Mayores Fraudes de Startups por Capital Levantado"},"description":{"en":"Startup frauds ranked by total capital raised from investors before the fraud was exposed.","es":"Fraudes de startups ordenados por capital total levantado de inversores antes de que el fraude fuera expuesto."},"insight":{"en":"FTX raised $1.8B and evaporated $32B in user funds. Theranos raised $945M with a product that never worked. The common thread: founders who believed the narrative more than the numbers.","es":"FTX levantó 1.800M$ y evaporó 32.000M$ en fondos de usuarios. Theranos levantó 945M$ con un producto que nunca funcionó. El hilo común: fundadores que creyeron la narrativa más que los números."},"valueLabel":{"en":"Capital raised","es":"Capital levantado"},"count":10,"entries":[{"position":1,"slug":"ftx","name":"FTX","value":"$1.8B","valueSub":"USA","country":"USA","sector":"Web3","year":2022,"autopsySlug":"ftx"},{"position":2,"slug":"greensill-capital","name":"Greensill Capital","value":"$1.7B","valueSub":"UK","country":"UK","sector":"Fintech","year":2021,"autopsySlug":"greensill-capital"},{"position":3,"slug":"wirecard","name":"Wirecard","value":"€1.4B","valueSub":"Germany","country":"Germany","sector":"Fintech","year":2020,"autopsySlug":"wirecard"},{"position":4,"slug":"luckin-coffee","name":"Luckin Coffee","value":"$1.1B","valueSub":"China","country":"China","sector":"Consumer","year":2020,"autopsySlug":"luckin-coffee"},{"position":5,"slug":"theranos","name":"Theranos","value":"$945M","valueSub":"USA","country":"USA","sector":"Biotech","year":2018,"autopsySlug":"theranos"},{"position":6,"slug":"theranos-original","name":"Theranos fraud","value":"$945M","valueSub":"USA","country":"USA","sector":"Biotech","year":2018,"autopsySlug":"theranos-original"},{"position":7,"slug":"theranos-already-listed","name":"Outcome Health","value":"$487M","valueSub":"USA","country":"USA","sector":"Healthtech","year":2022,"autopsySlug":"theranos-already-listed"},{"position":8,"slug":"wenance","name":"Wenance","value":"$100M","valueSub":"Argentina","country":"Argentina","sector":"Fintech","year":2021,"autopsySlug":"wenance"},{"position":9,"slug":"trell-crisis","name":"Trell","value":"$100M","valueSub":"India","country":"India","sector":"Social","year":2022,"autopsySlug":"trell-crisis"},{"position":10,"slug":"gomechanic","name":"GoMechanic","value":"$62M","valueSub":"India","country":"India","sector":"Marketplace","year":2023,"autopsySlug":"gomechanic"}],"url":"https://unicornburn.com/rankings/biggest-frauds"}