Josh Raffaelli, who has deep roots as Silicon Valley investor and has supported several Elon Musk companies, is demanding his former employer, the huge Brookfield Asset Management of billion dollars, reports The New York Times.
Much of Raffaelli’s complaint refers to how Brookfield covered the real estate losses related to the pandemic and alleges that the company dismissed it after submitting a complaint of complainants in the SEC. His demand makes accusations such as fraud and bribery, while Brookfield vehemently denies any irregularity, he told The Times.
In February, Brookfield silently closed the risk capital unit directed by Raffaelli and launched some assets to another unit, Bloomberg reported at that time. One of Raffaelli’s complaints in demand is that Brookfield did not buy as many shares in fly companies as he had assured the ability to buy.
Raffaelli had agreements to buy musk companies such as Spacex, XAI and the boring company, according to the demand. And his Brookfield background was a great sponsor or the acquisition of Twitter by Musk, Bloomberg reported.
The demand is a very public battle for Raffaelli, who previously worked as a partner in the signing of VC and then knows as Draper Fisher Jurvetson. (Today, it is a collection of funds). While in DFJ, Brookfield helped that company make investments in musk companies such as Solarcity (acquired by Tesla), Spacex and Tesla.
