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Yeah, this whole murky area smacks to me of blatant fraud - get massive investment in a company you create, use the valuation to get personal loans against your
by Nursie 3y ago
Yeah, this whole murky area smacks to me of blatant fraud - get massive investment in a company you create, use the valuation to get personal loans against your stake in the company, then use those loans to buy real-estate which you lease back to the company.
Oh, and you keep personal ownership of 'We' as a trademark, so they have to lease that too.
And then, when it all starts to crumble, walk away with a multi-hundred-million dollar exit package.
I can't imagine how this guy still walks free and isn't being sued into the ground by investors.
- kevin_thibedeau 3y agoLaser sharks in the wave pool keep them away.