There are no active ads.


Hyperloop One is a big corrupt mess, co-founder claims

by Jacob Kleinman | July 16, 2016July 16, 2016 9:00 am PDT

hyperloop 1

Hyperloop One has been leading the charge when it comes to making the futuristic tube-based transportation a reality, but behind the scenes it may be an entirely different story. A new lawsuit filed by company co-founder Brogran BamBrogan (who was pushed out last month) claims that corrupt and greedy executives are tearing the company apart, CNBC reports.

The lawsuit targets three people: Hyperloop One co-founder Shervin Pishevar, CEO Robert Lloyd and venture capitalist Joe Lonsdale. BamBrogan (joined by three more early executives) argues that the defendants all worked together “to augment their personal brands, enhance their romantic lives, and line their pocket.”

Pishevar allegedly began dating the company’s public relations representative and then increased her salary from $15,000 per month to $40,000 per month, making her the best-paid employee at Hyperloop One. It also notes that Lonsdale demanded the company hire his brother’s small investment bank even though it had little relevant experience.

BamBrogan says that he was forced out after he missed a dinner with some Moscow investors in June. During the meeting, Pishevar’s brother placed a noose on BamBrogan’s empty chair, which was caught on the company’s security cameras. Soon afterward the defendants allegedly started a “blatant smear campaign” against the co-founder out.

Hyperloop One hasn’t commented on the lawsuit but the entire situation looks pretty ugly. BamBrogan and the other plaintiffs are demanding a public apology and reinstatement at the company, but it might be too late to save the firm’s tarnished image.

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...