Venture capitalist sues True the Vote for not suing enough. Wants his $2.5 million back

[Nevilledog]

Link to tweet

?s=21

Link to tweet

?s=21

Tweet text:
Cameron Langford
@cam_langford
·
Nov 25, 2020
Fred Eshelman, owner of a venture capital firm, sued True the Vote Inc. today. He claims it duped him into giving it $2.5 million for its Validate the Vote 2020 campaign to file lawsuits to uncover fraud in the Nov. elections on behalf of President Trump. @CourthouseNews
Image

He says True the Vote's founder and attorney said they were going to file lawsuits in the seven closest battleground states with the goal of obtaining election data in discovery and needed $7.3 million for the effort.

But it filed just four lawsuits, one each in Wis., Mich., Penn. and Ga. And it voluntarily dismissed them all Nov. 16. "The decision to abandon those cases was made in concert with counsel for the Trump campaign," the lawsuit states.

He says the gift was "conditional" on True the Vote following through with its plans. He seeks an order declaring him the rightful owner of the $2.5 million and requiring the company to return it.

[Thomas Hurt]

1. ah dude! You ventured too far this time. Donnie has laundered that money already...

and taken his personal cut. Idiot.

[kurtcagle]

2. Well, that's one investment that isn't going to pan out

Something tells me that the $2.5 million is LOOONG GOOONNE.

[kurtcagle]

3. I've worked with VCs before

In my experience, most of them tended to be at the right place at the right time once, and made a bundle thinking they were geniuses. Most of the time they simply won the lottery, and they are a lot less bright than they think they are.

[gratuitous]

8. That was my experience

Many years ago, I worked in a firm that did accountant malpractice defense. Your characterization of venture capital dudes (and the ones that sued our accountants were definitely small potatoes) is quite accurate. The accountants, long-time gladiators in various arenas of the law, were very careful to use all the legal mumbo-jumbo at their disposal to impress on investors that there was no guarantee that this investment (usually a limited partnership) was going to turn a profit. We'd knock out the plaintiffs one by one at deposition as they admitted that they hadn't really read the investment profile or thought all those warnings from the accountants were just boilerplate language and didn't really mean anything, and the affidavit they'd signed attesting to their personal net worth was just a bunch of superfluous paperwork.

[NoMoreRepugs]

4. Rich guy gets conned and wants his money back -

go figure.

[struggle4progress]

5. "They didn't file as many frivolous lawsuits as they promised they would!"

[Sneederbunk]

6. So long sucker.

[onenote]

7. Proof that being rich isn't the same as being smart.

[Cha]

9. And, Fred E sets himself up for

Mockery & laughter for believing a Liar like trump and his keystone lawyers.. has he noticed how those gaslit lawsuits are going just in the 4 states?

Good Luck Fred.. not.

[Hassler]

10. Dear Fred: you screwed up. You trusted Chump.

[TomDaisy]

11. those grifters have already converted that money into boats and cars!

[Initech]

12. How can you file a case with no evidence? It's like driving a car with no license.

[Gothmog]

13. From Prof. Hasen

Link to tweet

Link to tweet

[BGBD]

14. I hope he never sees a penny of it again.

This is a great example of fools and their money. I'm glad he got grifted. He gave a bunch of shady assholes 2.5 million bucks to do something that any reasonable person would know was not possible.

I hope he loses the rest of his money while trying to help out a Kenyan prince.