Did the Investors Know This?

CNN's John Sutter has been following the story of Ose, a social media company that went bust this week. The site was founded by ex-Nancy Reagan aide Michael Wolraich and former White House adviser Anthony Scaramucci. They were set to raise $40 million from potential investors but never made any money at all. Now they are trying to get back on their feet after being accused of lying about what happened in an alleged phone call with prospective investors.