AdRev co-founder Noah Becker has left the company
Companies like AdRev are usually paid a percentage of the money they collect – usually between 10% and 25%, according to industry professionals. That means AdRev would have potentially made more than $2.3 million for its work for MediaMuv.Becker was alerted to MediaMuv’s inaccurate royalties claims by another rights manager on multiple occasions, according to emails obtained by. In one such email, sent on Jan.
for 30 counts of wire fraud, conspiracy, money laundering and aggravated identity theft on Nov. 16, 2021, IRS investigators noted in a court document that AdRev deposited $285,344 in a bank account associated with the MediaMuv account two weeks later. That same day, Nov. 30, 2021, the bank account was emptied and a cashier’s check for $191,449 was made payable to Teran. The check was deposited into his newly opened business account at the National Bank of Arizona.
As such, AdRev will not be commenting publicly on any facts related to the indictment until the conclusion of the criminal matter.”During the time AdRev represented MediaMuv, Becker acted as AdRev’s president. According to his LinkedIn page, he stepped down as president and moved to a strategic advisor role a month after the indictment against Teran and Batista was filed.
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