exclusive
Over $35,000 in personal expenses: A lawsuit against a tech CEO reveals a bigger problem with startups
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- Token, a company that pivoted from cryptocurrency wallets to wearable tech, just disclosed 2,000 transactions made on its corporate bank account, in response to the allegation that its CEO Melanie Shapiro misused corporate funds
- Out of the 2,000 transactions, 261 were classified as personal expenditures, totaling $35,607
- The expenses include a stay at the Four Seasons, flight tickets, short-term home rentals, and Whole Foods grocery delivery
A Hawaiian vacation, complete with a stay at the Four Seasons for $12,000. A few nights at a castle on the Hudson River for $700. More than $1,000 for Whole Foods groceries delivered to her doorstep. It’s only a small sampling of the more than $35,000 a Series A startup CEO racked up on the […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
