Podcasting powerhouse CEO plans to fight federal corruption charges

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CEO of Wondery Hernan Lopez is planning to fight back on federal corruption charges.

Lopez along with two other former FOX TV executives has been charged with money laundering and wire fraud over bribes taking place involving the broadcasting right s to the World Cup and other soccer tournaments, according to the LA Times.

“I’m completely confident that when I have the chance to be before a jury if it ever gets to trial, I’ll be vindicated,” Lopez said.

The charges have not played a role in his standing at the company. Lopez says he has no intention of stepping down.

“I poured my heart and soul into this company that I’ve built from the ground up, and I intend to do that for as long as I can and for many years,” he said.

Lopez founded Wondery four years ago after hearing the podcast “Serial”. The company has since become one of the nation’s largest podcast publishers, according to LA Times.

As podcasts have become more popular, it has gotten harder for the startup to survive on its own. They have been approached multiple times by large companies that seek to expand their content.

“It shouldn’t be surprising that we continue to get approached over the years by companies that just want to directly take us private or make us part of their company [or] funds that want to invest in Wondery to help us continue our growth,” Lopez said.

According to Wondery executives, the business raised $15 million from investors. Last year the company was worth $100 million.

 

 

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