Ousted Braidy Industries CEO Misued Company Funds, Docs Show
A legal filing this week by Braidy Industries says its former chairman and CEO was misusing company funds.
Craig Bouchard’s social media posts showing his travels allegedly provided the proof to back up the concerns raised by the company’s CFO. Bouchard was replaced earlier this month.
He rejected the ouster by filing an injunction to remove the people on the board who let him go.
He allegedly spent more than a third of a million dollars on charges to company credit cards, chartered private planes, and paid for meals and travel.
Bouchard said he was ‘concerned’ about investing $60M to build an aluminum alloy mill in Boyd and Greenup Counties.
Source: MG News
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