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Skully Helmets Follow Up

You really couldn't make this up-it looks like an editing floor out take from The Wolf of Wall Street.

Lawsuit Accuses Skully Founders Of Looting The Company.

A lawsuit filed by a former bookkeeper at Skully helmets accuses the company co-founders of using Skully corporate accounts as their personal ‘piggy banks'” to rent an apartment, visit a strip club, rent a Lamborghini and buy two Dodge Vipers and four motorcycles, among other personal expenses.

Skully raised nearly $2.4 million in an Indiegogo crowdfunding campaign, mostly from supporters who hoped to be among the first to get the company’s high-tech helmets. It appears likely none of those investors will get their money back as the company has shut down.

The lawsuit was filed in the Superior Court of California in San Francisco County by Isabelle Faithhauer. The lawsuit says she worked as an assistant to Skully co-founders Marcus and Mitchell Weller and was fired when she objected to fraudulent accounting practices.

The company has shut down.

It’s unlikely unsecured creditors like those who ordered helmets will get anything.


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