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  • 06.08.16

Report: Lending Club’s disgraced founder looks to reclaim control

Lending Club cofounder and CEO Renaud Laplanche was forced to resign last month after the company’s board discovered that he had played a role in doctoring documents related to $22 million in loans that had been purchased by an institutional investor. In the weeks that followed, Lending Club shares lost half their value and the U.S. Justice Department opened an investigation.  

[Photo: Flickr user OFFICIAL LEWEB PHOTOS]AH