Author Topic: Ex-employee - SolarCity booked millions in fake revenue  (Read 147 times)

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Ex-employee - SolarCity booked millions in fake revenue
« on: July 31, 2018, 06:35:37 PM »
It hasn't been a very good year for Elon.  This is pretty serious.

https://www.zerohedge.com/news/2018-07-31/solarcity-booked-millions-phantom-revenue-created-bogus-accounts-ex-employee-claims

Quote
A SolarCity ex-employee has told ARS Technica that they believe millions of dollars in phantom revenue was recorded by the company - and that after "more than a dozen" people reported the event to the company, and to Elon Musk himself, nothing was done about it.

This revelation, and others suggesting that SolarCity operated like a "struggling startup" were made as ARS Technica sought comment on a new lawsuit filed against SolarCity, and its parent corporation, Tesla.

The news of a lawsuit alleging that SolarCity is guilty of discriminatory practices against its employees has been making the rounds over the last couple of days: we reported it two days ago when the news first broke and the lawsuit was first made available.

But what was not fleshed out in the original piece – and is now the focus of a new report – is the alleged "tens of hundreds of millions [sic]" of dollars in fake revenue that may have been recorded by SolarCity as a result of fake accounts that the company tacitly may have been aware of. ARS Technica cites "a person with knowledge of the lawsuit who used to work in the San Diego office", and who spoke under the condition of anonymity.

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Re: Ex-employee - SolarCity booked millions in fake revenue
« Reply #1 on: July 31, 2018, 07:05:25 PM »
Ghost of Solyndra. I'm not the least bit surprised.
#WWG1WGA

 

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