The investigation comes amid litigation against Better and its controversial CEO alleging fraud and other corporate governance problems. From _pheebini:
The Securities and Exchange Commission is investigating mortgage lender Better.com and the special purpose acquisition company it has agreed to merge with, Aurora Acquisition Corp., to determine if they’ve violated federal securities laws, amid litigation against Better.com and its controversial CEO alleging fraud and other corporate governance problems....
Garg had multiple legal liabilities, conflicts of interest and corporate governance problems for years before the companyBetter has asserted that Pierce’s claims were “without merit” and intends to “vigorously defend” the lawsuit.Forbes in 2020. “You are TOO DAMN SLOW. You are a bunch of DUMB DOLPHINS and…DUMB DOLPHINS get caught in nets and eaten by sharks. SO STOP IT. STOP IT. STOP IT RIGHT NOW. YOU ARE EMBARRASSING ME.”New York-based Better.com, founded in 2014, sought to speed up the mortgage approval process with an online application and screening process that can be completed in minutes. It took off during the booming lending market that coincided with the Covid-19 pandemic and was last valued at $7.
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