Eric Trump-backed robot soldier startup can't pay staff after founder borrowed $4.6 million from company to buy home

cnbc.com5 min read

Foundation Future Industries, an Eric Trump-backed military robot startup, missed payroll after CEO Sankaet Pathak borrowed $4.6 million from the company to purchase a luxury home. Sources report that the firm is running low on cash and struggling with internal governance concerns, while Pathak seeks to raise hundreds of millions in fresh funding at a $3 billion valuation. Open article →

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