updated 1/25/2013 4:38:12 PM ET 2013-01-25T21:38:12

SAN FRANCISCO (Reuters) - Former Square Inc Chief Operating Officer Keith Rabois left the company amid accusations of sexual harassment, the mobile payment company said on Friday.

Major Market Indices

"We took these allegations very seriously and we immediately launched a full investigation to ascertain the facts," Square spokesman Ricardo Reyes said in a statement on Friday.

The company said it has not found any evidence to support any of the claims, but said "Keith exercised poor judgment that ultimately undermined his ability to remain an effective leader at Square."

Rabois said the relationship, with an unidentified male employee of Square, was consensual and began before the person joined Square. "I realize that continuing any physical relationship after he began working at Square was poor judgment on my part," he wrote in a blog post on Friday.

Rabois said that the recent events were "the toughest, saddest, most frightening, and emotionally draining of my life."

Rabois, a former executive at eBay-owned PayPal who has a law degree from Harvard Law School, joined Square in 2010.

(Reporting By Alexei Oreskovic; Editing by Gary Hill)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.99%
$30K home equity loan FICO 6.19%
$75K home equity loan FICO 5.91%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 10.93%
10.93%
Cash Back Cards 16.34%
16.34%
Rewards Cards 15.80%
15.80%
Source: Bankrate.com
  1. Jump to text

    SAN FRANCISCO (Reuters) - Former Square Inc Chie...

  2. Jump to discussion

    Former Square COO left amid sex harassment claim...

  3. Jump to data

    See the latest rates around the country