Media News

Top HR exec for Inc/Fast Company stole nearly $500K

May 3, 2023

Posted by Chris Roush

The top human resources executive at the publisher of Inc. magazine and Fast Company allegedly stole more than $429,000 from the business-focused media company, reports Maxwell Tani of Semafor.

Tani reports, “In a criminal complaint filed late last month, federal prosecutors said that over the course of four years, Mansueto Ventures director of people and resources Nirvani Sabess siphoned money away from the company by continuing to pay employees who were on leave or had already left the company, and diverting the salaries into her bank accounts.

“In a statement on Wednesday, Mansueto Ventures, the parent company of the two business publications, confirmed that it recently discovered an individual was defrauding the company.

“‘Mansueto Ventures recently discovered that one of its former employees was allegedly committing financial fraud against the company, amounting to mid-six-figures,’ a spokesperson said. ‘We immediately launched an internal investigation, then referred the matter to law enforcement and terminated the sole employee involved.  As a result we are strengthening the security of all our systems.'”

Read more here.

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