Shoma's Masoud Shojaee Faces $8M Loan Scrutiny; OSOM CEO Accused of Misusing Company Funds for Lamborghinis and Racing Hobby

Masoud Shojaee, co-founder of Shoma, faced intense questioning regarding an $8 million loan he took from a company that is 75% owned by his daughters, without their knowledge. Meanwhile, a lawsuit against OSOM Products, Inc. alleges that the former chief privacy officer, Mary, accused the company's CEO of misusing company funds to finance personal expenses, including purchasing Lamborghinis and supporting a racing hobby. This lawsuit highlights concerns about financial governance within the tech startup, which is known for its Solana Saga smartphone.