Thread regarding NEOS GeoSolutions layoffs

Latest on Jonathan Faiman criminal charges

excerpts below from the following article describing former neos chairmans' alleged crimes and betrayals against former friends and business partners. sad sad sad

https://www.thisismoney.co.uk/money/news/article-7489663/Spying-row-rocks-Ocado-M-S-Waitrose.html

"A BITTER row has erupted between two former friends over the Ocado grocery delivery business, threatening to embroil some of UK retail's biggest names. At the heart of the clash stands Jonathan Faiman, one of three former Goldman Sachs bankers who launched Ocado 20 years ago.

The idea for a new business that would compete with his former company came to Faiman, he says, after he was granted a tour of Ocado's Andover UK warehouse. False names were used when entering HQ and Faiman requested meetings 'should take place in rooms without windows,'

Ocado alleges Faiman had through various means 'obtained confidential financial and operational data about the Ocado business' and had also been in communication with a number of Ocado staff to help him build his new business, one of whom has already admitted that he disclosed confidential documents to Faiman, in breach of his contract.

The lawsuit also says Faiman had in his possession company documents that would help him design automated distribution centres similar to Ocado. During a court ordered sting to obtain evidence, including these documents, Faiman's driver 'was observed placing two cases belonging to Mr Faiman into his car and driving away'.

Charges in the lawsuit include corporate espionage, intellectual property theft and conspiracy. This lawsuit follows several others settled earlier this year by Faiman alleging fraud associated with their investments in neos an oil exploration firm

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Post ID: @OP+11bddHLv

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I am innocent and misunderstood!
https://www.ft.com/content/6446bb0c-de0a-11e9-b112-9624ec9edc59

Neos is worth $350 million

We just raised $100 million

We’ll have a $3 billion valuation in a couple years

This new technology can find buried armored trucks full of gold

Our success rate is 80% while the dinosaurs in big oil have 15% success

I worked with this guy at XYZ and he’s a superstar - sit back and prepare to be amazed

The bond will close tomorrow and you’ll be paid the following day

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Post ID: @1dvf+11bddHLv

The chairman of Ocado has pledged that the retailer “will go to any lengths” to protect its intellectual property as it faces a bitter court battle with one of its co-founders.

Lord Rose of Monewden said: “Anyone who reads the court submissions will appreciate how serious this issue is. This is corporate espionage. We have been subject to corporate theft.”

Last week court papers revealed that the online grocer was suing Jonathan Faiman, who left Ocado in 2010, over allegations that its confidential documents had been unlawfully obtained so that he could set up a rival new venture.

“This is an issue that I and the board take incredibly seriously and will go to any lengths to protect our intellectual property,” Lord Rose said.

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