Zain Jaffer, who has been CEO of fast-growing mobile ad startup, Vungle, is out of the company after being arrested on a slew of charges, including a lewd act upon a child and attempted murder. We’re short on details, but we found the charges on the San Mateo County inmate locator.
The full list of charges includes attempted murder, assault with a deadly weapon, child abuse, battery upon an officer and emergency personnel, lewd act upon a child and oral copulation of a person under 14. According to the inmate locator, Jaffer’s next court date is November 1.
Vungle confirms that Jaffer is no longer employed by the company. Here is the statement that a Vungle spokesperson sent us.
“While we do not have any information that is not in the public record at this point, these are extremely serious allegations, and we are shocked beyond words. 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. The company stressed that this matter has nothing to do with Mr. Jaffer’s former role at the company.”
According to the company website, the new CEO is Rick Tallman, who was previously COO and CFO of Vungle. The spokesperson would not confirm this to us.
Vungle previously raised funding from Google Ventures (GV), 500 Startups, Crosslink Capital and others. We spoke to Vungle investors who are shocked by the news.
The startup was founded in San Francisco in 2011.
Featured Image: Vungle