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2016.08.09Buzzfeed News: Skully Founders Sued for Alleged Abuse of Company Funds

Skully, Inc., was back in the news this week. But not in a good way.

Buzzfeed reported on a lawsuit alleging the cofounders of the San Francisco-based company routinely abused the crowdfunded and investor capital raised to produce the AR-1, a revolutionary augmented reality helmet expected to ship this summer. The suit was filed by a former assistant to the brothers, who were ousted last month.

The company filed for bankruptcy earlier this week.

Personally, news like this makes me mourn. I've long been excited about the AR-1, although the price point was out of my range. The article sure made it sound as though the Weller brothers found huge demand for a luxury item and may not have cared too much about delivering on their promises.

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