Ad Tech CEO Charged With Attempted Murder

Vungle co-founder Zain Jaffer appeared on CNBC this month to discuss the company’s role in mobile advertising

The San Mateo County Sheriff's website indicates that an inmate named Jaffer is being held at the Maple Street Correctional Center in Redwood City, California.

Steve Wagstaffe, the San Mateo County District Attorney, said the 29-year-old entrepreneur was "charged with two counts of child abuse, against his son and daughter, as well as oral copulation of a person under 14, lewd act upon a child and assault likely to produce great bodily injury", according to Forbes.

After word got out about Jaffer's arrest, Vungle's board of directors swiftly removed him from his executive post. Here is the statement that a Vungle spokesperson sent us.

Prosecutors initially charged Jaffer with attempted murder but dropped the charge because there wasn't enough evidence to prove that he meant to kill the child, Wagstaffe said.

He is now being held on $300,000 bail at the Maple Street Correctional Center in Redwood City, California with his next court date scheduled for 1 November.

Jaffer was also charged with misdemeanor battery upon a police officer and emergency personnel. "While these are only preliminary charges, they are obviously so serious that it led to the immediate removal of Mr Jaffer from any operational responsibility at the company".

Daniel Olmos, an attorney representing Jaffer, said his client pleaded not guilty and will not make any public statements.

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"We learned of the allegations late Monday night, and convened a board meeting, removed him as CEO and I was appointed permanent CEO all within 24 hours". He is a graduate of both the University of London and London Business School.

Tallman reiterated that Jaffer did not step down due to personal reasons, as erroneously reported, the company instead removed him as quickly as was possible.

The company confirms that the new CEO is Rick Tallman, who was previously COO and CFO of Vungle. Everyone, at Vungle is appalled as well as saddened by the events, he continued.

The cofounder of a San Francisco video advertising upstart has been arrested and charged with allegedly assaulting and sexually abusing his three-year-old son.

Vungle has approximately 200 employees and generated $300 million in annual revenues, showed data received from an unnamed source in the company. We spoke to Vungle investors who are shocked by the news.

Jaffer started Vungle in 2011.

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