The founder and CEO of job-seeking platform WrkRiot was indicted for allegedly defrauding employees of the now-defunct Silicon Valley technology startup company, the US Department of Justice announced.

Isaac Choi was charged with five counts of wire fraud for allegedly luring several of his company’s former employees to join WrkRiot based on false and misleading statements about his educational, professional and financial background, and by allegedly enticing them to continue working for his company by providing them with forged documents purportedly reflecting payments for unpaid salaries.

CNET reports a former employee of Choi, Penny Kim, first publicized scam in a blog post on Medium.

The indictment alleges that Choi falsely claimed that he received a degree from a prestigious New York business school, worked as an analyst at a major financial institution, had access to significant personal wealth, and was investing significant amounts of that money into the company. The indictment further alleges that after certain WrkRiot employees came to learn that WrkRiot’s bank accounts did not contain the capital that Choi claimed to have invested, Choi falsely claimed that a significant portion of the money he pledged to invest was tied up overseas and elsewhere.

Choi allegedly sent a series of individualized emails to WrkRiot’s employees in August 2016 stating that salary payments were forthcoming, and attaching documents purporting to confirm wire transfers from a US-based bank to the bank accounts of the recipient WrkRiot employees. However, the indictment alleges Choi sent forged wire transfer confirmations in order to induce WrkRiot employees to continue working for the company without being paid.

An indictment is not a finding of guilt. Individuals charged in indictments are presumed innocent until proven guilty beyond a reasonable doubt.