The plaintiffs say they invested nearly $1.2 million in the company, and are accusing Gomez of failing to build and market the startup.
Investors are still waiting for their share of the $250 million windfall, and VideoVerse co-founder Vinayak Shrivastav is now at the center of multiple legal cases.
New research from the U.K.’s Imperial College and France’s Emlyon Business School mapped out how Silicon Valley founders commit fraud — and the role investors play.
Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that’s befalling him as an investor.