Connect with us

Hi, what are you looking for?

Your Profit SpringYour Profit Spring

Tech News

A former Essential Phone exec used company funds for Lamborghinis, claims lawsuit

OSOM’s first phone, eventually renamed the Solana Saga. | Image: Osom

A lawsuit filed against Osom Products, Inc. by its former chief privacy officer, Mary Stone Ross, claims that the company’s CEO, Jason Keats, used business funds for extravagant purchases that include two Lamborghinis, reports Android Authority.

Keats, who founded Osom after Essential shut down and hired several of Essential’s former workers, is also accused of using company resources to pay for things ranging from his racing habit to his racing partner’s salary to his own mortgage, the outlet writes. Ross has apparently asked the court to make Osom give her access to company records that may prove the lawsuit’s claims.

The lawsuit also reportedly claims that Keats tried and failed to sell the company to HP and that, after that deal…

Continue reading…

You May Also Like

Business

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days,...

Tech News

The latest Netflix app update will require Apple devices to run iOS 17 or later. | Illustration by Alex Castro / The Verge The...

Tech News

The new adaptive charging feature could help to save power and preserve the life of controller batteries. | Photo by Amelia Holowaty Krales /...

Business

U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a court filing....