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

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A lawsuit claims that Osom Products founder Jason Keats misused funds for personal expenses and that company resources are exhausted.

By Wes Davis, a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020. 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 fell through, he tried to get Osom to pivot to making an “AI-powered camera.” The company’s “resources are allegedly depleted.” An unnamed spokesperson denied the lawsuit’s claims when asked by Android Authority. / Sign up for Verge Deals to get deals on products we’ve tested sent to your inbox weekly. The Verge is a vox media network © 2024 Vox Media, LLC. All Rights Reserved

https://www.theverge.com/2024/8/31/24233005/essential-phone-osom-products-ceo-lawsuit-personal-spending-lamborghinis-racing-mortgage

Aman Mehndiratta
Aman Mehndiratta
Aman Mehndiratta encourages the concept of corporate philanthropy due to the amazing advantages of practicing this. He is a philanthropist and an entrepreneur too. That is why exactly he knows the importance of corporate philanthropy for the betterment of society.

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