#Rhude's founder,
#RhuigiVillasenor, is accused of taking company funds for personal use in a lawsuit filed by shareholder George Robertson (according to the Los Angeles Times) š«£
The lawsuit claims that VillaseƱor used the money for luxurious expenses like private jets, vacations, luxury cars, and a collection of $100,000 watches. Robertson, who owns a 20% stake in Rhude, is seeking compensation and the removal of VillaseƱor's executive powers. The lawsuit also alleges that VillaseƱor earned over $30 million annually while providing as little as $41,000 USD to Robertson. As well as stating that VillaseƱor concealed sales by selling Rhude's products privately and keeping the profits for himself š°
The lawsuit states, āHe has taken advantage of his power and control over the Rhude Companiesā products, designs, bank accounts and financial records to enrich himself to Robertsonās detrimentā. What do yāall think of this āļøš
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