Office-design startup’s founder ran off with investor’s money: suit

A former Google account manager who launched a hip office-design startup that garnered flattering profiles in Forbes, Fortune and Architectural Digest absconded with investors’ money, a lawsuit claims.

Perch founder Lucy Lyle, 30, has been slapped with a suit by Russell T. Shepard, of Angel Park Investors, to find out what happened to his $350,000 investment.

“Despite Lyle’s lack of experience, she used this press coverage to garner interest in the company and entice investors,” the Manhattan Supreme Court suit says.

Then, late last year, Lyle “vanished with [Shepard’s] investments, shuttering the doors of Perch,” according to court papers.

When Lyle stopped returning messages, Shepard was “forced to hire a private investigator to attempt to locate” her, the suit says.

Lyle did not return a text message seeking comment.

Source: https://nypost.com/2018/01/23/office-design-startups-founder-ran-off-with-investors-money-suit/

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