"Cheiky’s next plan to help mankind is a startup called V-Grid. As he explained in a YouTube clip, the company’s goal is to revolutionize the electric grid, bringing cheap, renewable energy to millions around the world. The clip was pulled a few days before this story was published and edited to remove several seconds. In the original video, he claims to an audience of small investors that a team of backers, including Google, BP, and GE, and NorthBridge are already funding V-grid.
Cheiky says the because he secured a loan from Cool Planet to start V-grid, all the investors in one company are essentially backers in another. Yet when I asked those same investors if they had ever heard of or funded V-Grid, all adamantly and repeatedly denied it. But with the ink barely dry on Cool Planet’s recent fundraising, Cheiky’s already got another dream to sell, another round of investors to pitch. Seeing big-name backers already committed gives small investors confidence that someone has done due diligence on his claims."
I'd be shocked to find that any clever lawyer can't find fraud in this...
Cheiky says the because he secured a loan from Cool Planet to start V-grid, all the investors in one company are essentially backers in another. Yet when I asked those same investors if they had ever heard of or funded V-Grid, all adamantly and repeatedly denied it. But with the ink barely dry on Cool Planet’s recent fundraising, Cheiky’s already got another dream to sell, another round of investors to pitch. Seeing big-name backers already committed gives small investors confidence that someone has done due diligence on his claims."
I'd be shocked to find that any clever lawyer can't find fraud in this...