What I have heard and seems was considered "common knowledge" about a year ago was that the founder embezzled the money. His VCs considered suing, but decided i

What I have heard and seems was considered "common knowledge" about a year ago was that the founder embezzled the money. His VCs considered suing, but decided it was just too messy. I'm not joking, something about some seriously extravagant vacations and a house renovation all paid right out of the company's bank account.