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Echo Fox co-owner sues team partners over fraud claims
The tumult at Echo Fox isn't subsiding any time soon. The esports team's co-owner Rick Fox has sued business partners Amit Raizada and Stratton Sclavos over allegations of both fraud as well as defamation stemming from the earlier racism claims. According to Fox, Raizada and Sclavos illegally profited off his name. Raizada supposedly misused Echo Fox's venture capital funds to both reward Sclavos for raising money and give himself both a $350,000 salary and cover the lease of his $20,000 per month Beverly Hills home. They also made it possible to oust general partners through a shareholder vote (albeit a supermajority) instead of a court order, which led to Rick Fox getting the boot in an August vote that will see him depart October 21st.
