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Parami News > Blog > Most Recent Stories > Smartphone company to shut down after CEO spent money on race cars | Parami News
Most Recent Stories

Smartphone company to shut down after CEO spent money on race cars | Parami News

Atulya Shivam Pandey
Last updated: September 5, 2024 2:50 pm
Atulya Shivam Pandey
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2 Min Read
Smartphone company to shut down after CEO spent money on race cars | Parami News
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OSEN products this smartphone company restructuring by Andy Rubinof basic OSEN According to reports, she was also envisioned none other than the ceo Misuse of the company’s funds.

OSOM’s mandatory monthly report by Android Authority, commented that Jason Keatsannounced internally yesterday that the company is about to closed. Most of the employees are expected to be laid off latest by Friday retaining only a few staff to deploy the last software hub upgrade for the Solana saga smartphone.

One of the chief privacy officers in OSOM Mary Stone Ross, who worked for OSOM, has declared war on the company in Delaware Chancery Court claiming that Keats used the businesses money including the purchase of two Lamborghinis and his racing hobbies inappropriately.

Android Authority also states that the lawsuit is based in part on what is considered a cover-up – that OSOM will be in possession of financial records that the clients will it is claimed need to back their allegations. The charges also which was termed frivolous unearths Keats’s lavish lifestyle for instance air travel in first class and mortgage loans which purportedly depleted the company’s coffers.

OSOM technologies incorporated which was formed in the year 2020 during essential employment originally targeted on making devices with complete privacy protection. The company turned to blockchain technologies and entered into a partnership with Solana and created a saga smartphone. However, plans for a successor device appear to have been shelved sometime in the earlier part of this year.

When responding to these allegations, an OSOM spokesperson said to Android Authority that the firm is ‘aware of a former employee’s outlandish allegations’ and proclaims being ‘eager to refute them in a court.’ Keats was on record saying that she didn’t engage in any financial misconduct.

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