Worldwide

Tech CEO arrested on charges of child abuse, battering an officer

Tech CEO arrested on charges of child abuse, battering an officer”

A prominent San Francisco tech CEO has been arrested and charged with felony assault, sexually abusing a child and committing battery against police and emergency workers while resisting arrest, according to new reports.

He was removed from his position on Thursday and has been replaced by Rick Tallman, previously COO and CFO of Vungle.

The 29-year-old pleaded not guilty to the charges earlier this week in San Mateo County.

Jaffer was featured as part of Inc.'s 35 Under 35 Coolest Entrepreneurs package in 2014.

"While we do not have any information that is not in the public record at this point, these are extremely serious allegations, and we are shocked beyond words", a Vungle spokesperson told VentureBeat on Friday.

Jaffer's next scheduled court date is November 1, according to the San Mateo County Sheriff's records. However, the District Attorney filed a felony assault charge rather than the attempted murder charge.

Jaffer began Vungle six years ago and has four felonies that he was charged with - assault, two offense of sexual acts with a person less than 14 and child abuse, said media reports. "The company stressed that this matter has nothing to do with Mr. Jaffer's former role at the company".

Police arrested Jaffer on 15 October at about 4AM at his family's house in Hillsborough, about 18 miles south of San Francisco after they were called to the house by his father, Wagstaffe said, Forbes reported. When he started Vungle he did not have enough funding to run the organization but entered a competition sponsored by Angelpad, a startup incubator.

We learned of the allegations late Monday night, and convened a board meeting, removed him as CEO and I was appointed permanent CEO all within 24 hours.

Tallman reiterated that Jaffer did not step down due to personal reasons, as erroneously reported, the company instead removed him as quickly as was possible.

"The actions of one individual are in no way reflective of the nearly 200 dedicated and hard-working people who work for Vungle".

Everyone at the company is shocked and saddened by these events, and our thoughts and prayers are with everyone affected. The company said it employs about 200 people and generates annual revenue of about $300 million.



Like this

Latest


21 October 2017
Arsene Wenger Reveals Two Players Set to Miss Arsenal Clash Against Everton
Arsenal have beaten Everton more times than any other club has beaten another in English Football League history (94 wins). Alexis Sanchez and Aaron Ramsey are both set to return to the Arsenal squad as they travel to Goodison Park.

21 October 2017
Philip Morris International Inc (PM) Shares Gap Down on Disappointing Earnings
On average, equities research analysts anticipate that Philip Morris International Inc will post $4.81 EPS for the current year. More interesting news about Transocean LTD (NYSE:RIG) were released by: Globenewswire.com and their article: "Transocean Ltd".

21 October 2017
Up-to-date Analyst's Assessments: Syntel, Inc. (SYNT), Align Technology, Inc. (ALGN)
Equities analysts predict that Align Technology, Inc. will post $3.41 earnings per share for the current fiscal year. Macquarie Group Ltd. increased its position in Align Technology by 44.4% during the second quarter. (NASDAQ:ALGN).

21 October 2017
Bolter Boom Time shocks by winning $3m race
The entire had 1-1/4 lengths in hand over Single Gaze ($31) with the favourite Johannes Vermeer ($5) finished a head away third. Outside of the placegetters, Marmelo turned in an outstanding Melbourne Cup trial.

21 October 2017
Up-To-Date Stocks Report: Pretium Resources Inc. (PVG), OpGen, Inc. (OPGN)
The stock of Pretium Resources Inc (NYSE:PVG) has "Speculative Buy" rating given on Thursday, October 22 by Canaccord Genuity. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock.

21 October 2017
Nomura Lowers Chipotle Mexican Grill, Inc. (CMG) Price Target to $338.00
The company was maintained on Wednesday, February 3 by Barclays Capital. (NYSE:CMG) on Thursday, June 22 with "Buy" rating. BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st.

21 October 2017
Notable Stock Analysts Ratings Seagate Technology plc (STX)
Pacer Advisors Inc. acquired a new stake in Seagate Technology PLC during the second quarter worth approximately $150,000. JPMorgan Chase & Co. lifted its holdings in shares of Seagate Technology PLC by 74.4% during the second quarter.

21 October 2017
Anushka Sharma, Virat Kohli exchanging 'wedding vows' is not to be missed!
She promises to keep all of his secret password protected while he promised to watch all the season finale of any show with her. The couple has made promises on the screen to take care of each other and to keep happy each other always.

21 October 2017
Traders Buy Amgen Inc. (AMGN) on Weakness
After $3.27 actual EPS reported by Amgen, Inc. for the previous quarter, Wall Street now forecasts -6.12% negative EPS growth. Amgen makes up 3.9% of Raub Brock Capital Management LP's investment portfolio, making the stock its 11th largest position.

21 October 2017
Patriots Nikes Celebrate the Team's Epic Super Bowl 51 Comeback
If Robert Kraft is looking to acquire another pair of Air Force 1's , the Patriots owner doesn't need to look far and wide. The team gave the balls to Nike and had the shoe company create a one-of-a-kind sneaker that was unveiled on Thursday.



Recommended