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 assault with a deadly weapon. We're told that the alleged victim was his three-year-old son.
San Mateo County District Attorney Steve Wagstaffe told us that Jaffer was initially charged with attempted murder, but that charge has been dropped because "evidence did not show an intent to kill." However, the below charges remain and Jaffer is being held on $300,000 bail.
The list of felony charges includes assault with a deadly weapon, child abuse, lewd act upon a child and oral copulation of a person under 10. We're told that his one-year-old daughter is also an alleged victim of the child abuse.
There's also a misdemeanor charge of battery upon an officer and emergency personnel.
According to the San Mateo County inmate locator, Jaffer's next court date is November 1. It says Jaffer is 29-years-old.
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."
The company confirms that the new CEO is Rick Tallman, who was previously COO and CFO of Vungle.
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.
According to a LinkedIn profile that appears to belong to Jaffer, he was previously CEO of Mediaroots and CyberPlanet. It says he has degrees from King's College London, London Business School, and University College London.
The startup was founded in San Francisco in 2011.
- This article originally appeared on TechCrunch.