HEALDSBURG, CA — You apperceive that affectionate of douchey-looking, stripmall-beige startup appointment perched aloft the Fideaux doggie boutique in city Healdsburg? The one with the Silicon Valley-style “SoFi” logo tattoed beyond its forehead (see below), arty the affliction of the avant-garde tech-bro artful assimilate the once-quaint circle of North Artery and Healdsburg Avenue?
Well, according to above advisers of the online cyberbanking startup that lives there, things are alike worse on the inside.
UPDATE: Healdsburg Reacts To SoFi Sex Scandal: They Were Doing WHAT In The Parking Lot?
“It was a frat house,” Yulia Zamora, who formed as an advocate at SoFi (short for Social Finance) in 2015 and 2016, told the New York Times in a contempo interview.
More than once, Zamora said, she was “propositioned” by her administrator at work. And bench on the street, “you would acquisition bodies accepting sex in their cars and in the parking lot,” she said. “It was a free-for-all.”
Zamora’s bane claims accompany an barrage of agnate affidavit aired in a New York Times betrayal this anniversary on SoFi’s declared frat-house culture. And it all seems to advance aback to one man: New Jersey built-in Mike Cagney, the company’s 46-year-old co-founder and, until he accommodated Monday, its CEO.
According to the Times investigation, Cagney, who’s affiliated with two kids, was accused by accepted and above SoFi staffers of again sexting his controlling assistant, “holding easily and accepting affectionate conversations with addition adolescent changeable employee” and aloof about “his animal conquests and the admeasurement of his genitalia” at “late-night, wine-soaked gatherings with colleagues.”
A abstracted accusation filed adjoin SoFi this summer by a guy who acclimated to assignment at the company’s Healdsburg annex describes a agnate “sexually hostile” appointment culture.
Reached for animadversion Wednesday night, a SoFi adumbrative acicular Patch to a blog column appear the day afore on the aggregation website. It says:
As for Cagney’s affidavit for dispatch bottomward as CEO: Those are “confidential,” the SoFi account said.
As of summer 2015, the Healdsburg annex of the San Francisco-based startup — a self-described “finance aggregation demography a abolitionist access to lending and abundance management” — was the town’s fastest-growing business, and was on clip to be its better clandestine employer, the Press Democrat appear in a aglow profile.
Here’s what anchorman Bill Swindell begin central 375 Healdsburg Ave, Suite 280 that summer:
In the six years aback Cagney founded SoFi with four of his Stanford buddies, the startup claims to accept shelled out added than $20 billion in loans and accumulated 350,000 members. It appear revenues of $134 actor aftermost quarter. (Although the Times adventure raises some doubts about SoFi’s clue almanac aback it comes to bookkeeping.)
SoFi’s above CFO, 57-year-old Nino Fanlo — who larboard the aggregation a few months ago to try his luck in the San Diego biotech industry — gets alleged out in the Times story, too.
Fanlo “sometimes kicked debris cans in the appointment aback angry,” according to the Times. “He additionally commented on women’s figures, including their breasts; said that women would be happier as homemakers; and already told two changeable advisers he would accord them $5,000 if they absent 30 pounds by the end of the year, according to added than a dozen bodies who heard the comments and witnessed the weight-loss offer.”
Fanlo alleged these claims “patently false” in an account with the Times.
Patch has accomplished out to a rep for Fanlo’s accepted company, Human Longevity, for comment. We’ll amend this column if and aback we apprehend back. Got annihilation you’d like to allotment about SoFi? Feel chargeless to ability out: firstname.lastname@example.org.
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