Josh Raffaelli, who has deep roots as an investor in Silicon Valley and has supported a number of Elon Musk companies, sues his former employer, the massive trillion dollar Aum Brookfield Asset Management, reports the New York Times.
Much of Raffaelli’s complaint concerns how Brookfield has dealt with Pandemic-related real estate losses and claims that the company has fired him after he had submitted a whistleblower complaint to the SEC. His suit makes accusations such as fraud and bribery, while Brookfield fiercely denies any misconduct, the Times said.
In February, Brookfield quietly closes the venture capital unit run by Raffaelli and rolled some assets in another unit, Bloomberg reported at the time. One of Raffaelli’s complaints in the suit is that Brookfield did not buy so many shares in companies owned by Muskus if he had insured the ability to buy.
Raffaelli had deals to buy in Musk companies such as SpaceX, Xai and The Sarking Company, claims the suit. And his Brookfield fund was a great support from Musk’s takeover from Twitter, Bloomberg reported.
The lawsuit is a very public struggle for Raffaelli, who previously worked as a partner at the VC company then known as Draper Fisher Jurvetson. (Today it is a collection of funds.) While with DFJ that firm helped to make investments in Musk companies such as SolarCity (taken over by Tesla), SpaceX and Tesla.
