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LendingClub Founder, Ousted in 2016, Settles Fraud Charges

LendingClub Founder, Ousted in 2016, Settles Fraud Charges The Securities and Exchange Commission charged Mr. Laplanche, the founder and previous executive that is chief of start-up LendingClub, with improperly changing a few of the company’s lending items making it look much healthier. The fees will be the results of a drama that started in 2016, when LendingClub’s board unexpectedly...

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