{"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":"GM Cruise raised $10.0B before exposure. FTX raised $1.8B and evaporated $32B in user funds. The common thread: founders who believed the narrative more than the numbers.","es":"GM Cruise levantó $10.0B antes de ser expuesto. FTX levantó 1.800M$ y evaporó 32.000M$ en fondos de usuarios. 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":"gm-cruise-suspension","name":"GM Cruise","value":"$10.0B","valueSub":"usa","country":"usa","sector":"mobility","year":2023,"autopsySlug":"gm-cruise-suspension"},{"position":2,"slug":"evergrande-ev-cleantech-china","name":"Evergrande NEV","value":"$9.7B","valueSub":"china","country":"china","sector":"climate","year":2024,"autopsySlug":"evergrande-ev-cleantech-china"},{"position":3,"slug":"wirecard-fraud","name":"Wirecard","value":"$2.5B","valueSub":"germany","country":"germany","sector":"fintech","year":2020,"autopsySlug":"wirecard-fraud"},{"position":4,"slug":"americanas-fraud","name":"Americanas SA","value":"$2.0B","valueSub":"brazil","country":"brazil","sector":"ecommerce","year":2023,"autopsySlug":"americanas-fraud"},{"position":5,"slug":"global-crossing","name":"Global Crossing","value":"$2.0B","valueSub":"usa","country":"usa","sector":"saas","year":2002,"autopsySlug":"global-crossing"},{"position":6,"slug":"ftx","name":"FTX","value":"$1.8B","valueSub":"usa","country":"usa","sector":"web3","year":2022,"autopsySlug":"ftx"},{"position":7,"slug":"clover-health-spac-doj","name":"Clover Health","value":"$1.3B","valueSub":"usa","country":"usa","sector":"insurtech","year":2021,"autopsySlug":"clover-health-spac-doj"},{"position":8,"slug":"nikola-motors","name":"Nikola Corporation","value":"$1.1B","valueSub":"usa","country":"usa","sector":"mobility","year":2024,"autopsySlug":"nikola-motors"},{"position":9,"slug":"theranos","name":"Theranos","value":"$945M","valueSub":"usa","country":"usa","sector":"biotech","year":2018,"autopsySlug":"theranos"},{"position":10,"slug":"nikola-crisis","name":"Nikola","value":"$900M","valueSub":"usa","country":"usa","sector":"hardware","year":2022,"autopsySlug":"nikola-crisis"}],"url":"https://unicornburn.com/rankings/biggest-frauds"}