Former Essential Phone Executive's Alleged Misuse of Company Funds Raises Eyebrows

Saturday, 31 August 2024, 16:29

Former Essential Phone executive Jason Keats allegedly misused company funds for extravagant purchases, including Lamborghinis. A lawsuit by ex-CPO Mary Stone Ross reveals accusations of extravagant spending and severe financial mismanagement. Reports indicate that company resources are dwindling as legal battles unfold.
The Verge
Former Essential Phone Executive's Alleged Misuse of Company Funds Raises Eyebrows

Allegations of Financial Misconduct

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

Details of the Lawsuit

  • Keats is accused of using business resources for personal expenses, including his racing habit.
  • Ross seeks access to company records to substantiate the lawsuit's claims.
  • The lawsuit highlights that the company’s resources are allegedly depleted.

Failed Business Moves

The lawsuit also states that Keats attempted to sell the company to HP, which fell through, and subsequently sought to pivot to developing an AI-powered camera.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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