<story><title>Color Labs And Bill Nguyen Sued By Ex-Employee Alleging Retaliation</title><url>http://techcrunch.com/2012/11/19/color-labs-and-bill-nguyen-sued-by-ex-employee-alleging-retaliation-emotional-distress/</url></story><parent_chain></parent_chain><comment><author>coffeemug</author><text>&lt;i&gt;In or around late 2011, [then Color CFO Alyssa] Solomon began noticing discrepancies in Color’s finances. Upon information and belief, Defendant Nguyen was spending corporate funds on numerous personal items, such as charging personal items on Color’s American Express card and putting his family’s nanny, Sally Orr, and his family’s Lake Tahoe‐based ski instructor, Hillary Governer, on Color’s payroll.&lt;/i&gt;&lt;p&gt;If this is actually true, this is a Really Big Deal (tm). The IRS (and relevant legislation) is very serious about these things, and I can&apos;t imagine anyone running a high profile company who has a career at stake actually doing this of their own accord.&lt;p&gt;This isn&apos;t just about ethics. It&apos;s an allegation of embezzlement, which carries a penalty of imprisonment for up to twenty years(!) Doing that to save some money on a nanny seems absolutely insane to me.</text></comment>
<story><title>Color Labs And Bill Nguyen Sued By Ex-Employee Alleging Retaliation</title><url>http://techcrunch.com/2012/11/19/color-labs-and-bill-nguyen-sued-by-ex-employee-alleging-retaliation-emotional-distress/</url></story><parent_chain></parent_chain><comment><author>nlh</author><text>A fascinating read, for sure, but do take the accusations with a hefty grain of salt.  As an employer who has dealt with his share of totally-irrational employees in the past, I&apos;ve learned never to believe everything you read in an employee complaint/lawsuit -- especially when there is so much personal animosity/family stuff going on here.&lt;p&gt;That being said - I emphasize that I&apos;ve learned never to believe _everything_ you read.  Not anything :)  I&apos;d be willing to bet at least parts of this are based in truth.</text></comment>