News

Former Skully Employee Alleges in Lawsuit that Executives Used Corporate Funds as “Personal Piggy Banks”

Google+ Pinterest LinkedIn Tumblr

The story of Skully is starting to sound more and more like a script for a soap opera, and today’s installment sees former Skully employee Isabelle Faithhauer bringing suit in the San Francisco County Superior Court against Skully and its founders Marcus Weller and Mitchell Weller.

Faithhauer is the former-assistant to Skully CEO Marcus Weller, and for a time, served as the company’s bookkeeper. In her complaint she alleges that Skully wrongfully terminated her, and brings several other causes of action that are related to that wrongful termination.

However in her filing with the court, Faithhauer also lists a number of incidents where Marcus Weller and Mitchell Weller allegedly used company funds to buy exotic cars, rent expensive apartments in San Francisco, and travel around the world.

If true, this sort of spending could help explain why Skully ran out of capital, and then officially closed its doors last week, despite having raised roughly $15 million from investors and would-be customers.

You can read the full filing of Faithhauer’s complaint against Skully and the Wellers here, which is a PDF hosted by the San Francisco County Superior Court and a public record.

Below is an excerpt from the complaint, which outlines what Faithhauer says were Marcus and Mitchell Weller’s personal use of Skully business funds:



Faithhauer-Skully-complaint

As of this writing, neither Skully, nor Marcus and Mitchell Weller have filed a response to Faithhauer’s complaint.

Source: San Francisco Superior Court

Jensen Beeler

Despite his best efforts, Jensen is called one of the most influential bloggers in the motorcycle industry, and sometimes consults for motorcycle companies, whether they've solicited his expertise or not.

Comments