Dorsey's Cash App ignored regulators' warnings, staff concerns: Hindenburg
Cash App, which was co-founded by Twitter Co-founder Jack Dorsey, ignored warnings of Secret Service, US Department of Labor and multiple state regulators, along with internal employee concerns, according to Hindenburg Research's latest report. The warnings were regarding the issue of multiple COVID-19 relief payments going to the same account, which was flagged as an obvious sign of fraud.