Josh Raffaelli, a prominent Silicon Valley investor with ties to several Elon Musk companies, is suing his former employer, Brookfield Asset Management. According to The New York Times, Raffaelli claims he was wrongfully terminated after filing a whistleblower complaint with the SEC regarding how Brookfield handled pandemic-related real estate losses. The lawsuit includes allegations of fraud and bribery, which Brookfield strongly denies. Additionally, Raffaelli asserts that Brookfield failed to capitalize on opportunities to invest in Musk’s ventures such as SpaceX, xAI, and the Boring Company. His fund was also involved in backing Musk’s acquisition of Twitter. This legal battle highlights tensions between Raffaelli and Brookfield following the closure of the venture capital unit he managed.
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