Venture capitalist found liable for defrauding his own firm

Iftikar Ahmed
Illustration: Lazaro Gamio/Axios

Iftikar Ahmed has been found liable for defrauding Oak Investment Partners, the venture capital firm where he served as a general partner and invested in such companies as Circle, Kayak and GMarket.

Why it matters: Swifty Ifty is a cautionary tale for private investment partnerships that usually operate on implicit trust.