A VC hired his kids’ nanny to run the back office. The SEC says she… | HappeningNow.news

Business & Economy

A VC hired his kids’ nanny to run the back office. The SEC says she took $1.3 million

Hi, it’s Amanda Gerut, pinch hitting for Allie. In late 2014, Ellen Polcari was nannying for a VC’s two young children.

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Hi, it’s Amanda Gerut, pinch hitting for Allie. In late 2014, Ellen Polcari was nannying for a VC’s two young children. A decade later, she had branded herself the firm’s “controller,” and, according to the SEC, the person who allegedly moved about $1.28 million of investor money into her own accounts. The money went to online gambling, shopping, and restaurant meals, regulators say.

Read original at Fortune

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