Josh Rafaelli, who has deep roots as a Silicon Valley investor and helps many Elon Musk corporations, is suing his former employer, a large trillion greenback Aum Brookfield Asset Administration. Report on The New York Times.
A lot of Raffaelli’s complaints relate to how Brookfield lined pandemic-related property losses, claiming that the corporate fired him after submitting a whistleblower grievance with the SEC. His lawsuit filed allegations of fraud and bribery, however Brookfield vehemently denies fraud, the Occasions mentioned.
In February, Brookfield quietly closed a enterprise capital unit run by Raffaelli, bringing some belongings into one other unit. Bloomberg reported at the time. One of many complaints in Raffaelli’s lawsuits is that Musk-owned corporations did not purchase as a lot stake as Brookfield secured its buying skill.
Raffaelli had traded to purchase from Musk corporations similar to SpaceX, Xai and The Borring Firm. His Brookfield Fund was a serious backer of Musk’s Twitter acquisition, Bloomberg reported.
The lawsuit is very publicized by Raffaelli, who beforehand labored as a associate in a VC firm referred to as Draper Fisher Jurvetson. (At present, it is a assortment of funds.) Whereas at DFJ, Brookfield helped the corporate spend money on Musk corporations similar to SolarCity (acquired by Tesla), SpaceX, and Tesla.
