Tech firm's new CTO gets indicted; company then claims he was never CTO
Briefly

Tech firm's new CTO gets indicted; company then claims he was never CTO
"Corvex certainly seemed to think that Raymond was its CTO in the days before his indictment. Corvex named Raymond as its CTO in a press release and filings to the Securities and Exchange Commission, which detailed plans for a merger with Movano Health. But once Raymond was arrested, Corvex told media outlets that it had never completed the process of hiring him as an employee."
""Raymond was not CTO of Corvex-so the statement above is inaccurate," Corvex spokesperson Christopher Buscombe, who is apparently with a third-party firm doing media relations for Corvex, told Ars Monday in an email seeking a correction. "The headline is also misleading as a result, as taken together it suggests Ramyond [ sic] was CTO of Corvex. Raymond was CEO of Bitworks, a completely different company.""
Four people were arrested and charged with a conspiracy to illegally export Nvidia chips to China, including Alabama resident Brian Raymond. Corvex listed Raymond as its chief technology officer in a press release and Securities and Exchange Commission filings that outlined a planned merger with Movano Health. After Raymond's arrest, Corvex told media outlets that it had never completed hiring him as an employee and later a company spokesperson said Raymond had never been the CTO. The spokesperson sought a correction, calling prior statements inaccurate and saying Raymond was CEO of Bitworks. The Corvex press release and SEC filings remain unchanged.
Read at Ars Technica
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