Misuse of Funds Seals Fate for Smartphone Maker
OSOM Products an tech startup born from Essential’s ashes, is closing its doors this week. The company’s CEO, Jason Keats, is accused of squandering funds on personal luxuries, including two Lamborghinis and racing expenses. Following a lawsuit by former Chief Privacy Officer Mary Stone Ross, OSOM will lay off most employees, leaving only a small team to handle a final software update. This scandal marks a dramatic end for the privacy-focused company.
