A co-founder of Hyperloop One paid his girlfriend as much as $40,000 a month for public relations services at one of his companies, a fiery new lawsuit alleges.
Hyperloop One paid about $400,000 for PR services between January 2015 and March 2016 to a woman who was the girlfriend of Shervin Pishevar, managing director of Sherpa Capital and co-founder and executive chairman of Hyperloop One, the lawsuit said. The payments started at $15,000 per month and reached as high as $40,000 per month, the lawsuit complains, "far above market value."
She is not identified in the lawsuit. But her former employer, Brian O'Shaughnessy, Pramana Collective partner and co-founder, said Pramana worked with Hyperloop, and that the complaint inaccurately portrayed the two companies' professional relationship.
"I have numerous relationships with numerous clients, so the money doesn't go directly to an individual — it goes to the firm," O'Shaughnessy said. "She was one of four or five employees, including myself, that worked on that account."
O'Shaughnessy declined to comment on the fees in the Hyperloop One contract.