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  "documentTitle": "Remitly Global, Inc. (RELY)",
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      "text": "Xoom “Defrauded” Under Blignaut’s Leadership",
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      "text": "Spruce Point questions why Remitly appointed Mr. Ryno Blignaut to its Audit and Risk committees and the Board in April 2023. Under his leadership as CFO and Chief Risk Officer at Xoom Corp. (Nasdaq: XOOM), the company was ill-prepared for a criminal misappropriation of $30.8 million in corporate cash.",
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      "text": "On December 30, 2014, Xoom Corporation (the “Company”) determined that it had been the victim of a criminal fraud. The incident involved employee impersonation and fraudulent requests targeting the Company’s finance department, resulting in the transfer of $30.8 million in corporate cash to overseas accounts.",
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      "text": "1) Mr. Blignaut resigned as CFO effective Dec 1, 2014 and on Dec 30, 2014 Xoom determined it had been criminally defrauded. He was reappointed as XOOM's acting CFO on Jan 5, 2015.",
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