Related: Getaround Raises $300B in Financing
Investor Sues Getaround, Alleges Fraud
The lawsuit claims that Getaround executives tricked Geoffrey Shmigelsky into selling company shares to their family and friends for $1.79 million less than they were worth.
January 16, 2019
A lawsuit alleges Getaround CEO Sam Zaid (shown) "tricked" an early investor out of millions of dollars.
Photo via Tech Crunch/Flickr.
1 min to read
Carsharing company Getaround is being sued by one of its early investors, Geoffrey Shmigelsky, who alleges that the he was "swindled" out of millions of dollars by the company's CEO, Sam Zaid, Tech Crunch reports.
The lawsuit claims that Getaround executives tricked Shmigelsky into selling company shares to their family and friends for $1.79 million less than they were worth.
“Our client supported Getaround and Mr. Zaid from the very start, only to be swindled out of $1.785 million that went straight into the pockets of Mr. Zaid’s family and friends, as we allege,” Gaw | Poe LLP Partner Samuel Song said in a statement.
A Getaround spokesperson told Tech Crunch that the claims are unfounded and that the company is seeking to have the case dismissed.
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