Lawsuit Filed Against Deceased Skully Helmet brand’s Co-Founders

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Lawsuit filed against deceased Skully Helmet brand’s co-founders as they were accused of using crowdfunding money for personal expenses

Few days ago, Skully announced it would be ceasing operations. The San Francisco based startup firm was in the process of building digitally augmented motorcycle helmet but unfortunately it did not come into fruition. The end of the journey came a few weeks after the American brand’s board of directors pushed out the co-founding brothers Marcus and Mitch Willer as per TechCrunch.

The situation has only got worse as the brothers and company have been left to face a lawsuit from their close assistant, Isabelle Faithauser, for spending funding personally said another report on BuzzFeed News. Faithauser has accused that the Willer brothers have used corporate entities of Skully in fraudulent manner.

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skully hud helmets

The lawsuit filed last month also said the brothers demanded Faithauser to accompany them in their illegal behaviors and defraud the company investors. Further stated was the investors were deceived into thinking the use of funds were to aid business development instead of looting them into their pockets.

The alleged personal expenses were two Dodge vipers, the second following the first’s crash, personal rent for their apartment in San Francisco, weekend Lamborghini rental, $2,345 on paintings, $2,000 on limos in Florida, first-class last minute flight to Hawaii, buying expense of four motorcycles, weekly apartment cleanings, $ 2,000 spent at a strip club, $ 80,000 cash given to an anonymous co-founder from China besides restaurant meals and many more.

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Skully raised an estimated $2.5 million through IndieGogo crowdfunding from nearly 2,000 people against 979 per cent of the company’s original aim of $ 2,50,000. The outfit was formed to augmented helmets with heads-up display but the release of such an advanced helmet was kept being postponed. No wording on the backers compensation have emerged but those who haven’t received Skully’s $1,500 AR-1 helmet won’t be refunded.

The company website still invites signing up for updates as the visitors are promised “now shipping.” But the update to IndieGogo page happened on Monday announced “Skully ceases operations.” Skully now plans to file a Chapter 7 Bankruptcy case within the next several weeks. People have reviewed the video and even a mass production of HUD helmets were announced but everything now seems irrelevant.