These people promised me so many things, including a prompt launch of their beta in March 2012. They took my money and haven't talked to me in 6 months, while i was overseas, i came back to find out from multiple sources that they have burned through the entire 6 million in capital, WITHOUT EVEN LAUNCHING! When i asked them for my investment back, they said to me "we can't refund your investment, we have no money!"
In the agreement they made with me i was supposed to get my money back plus 15% within 1 year. It's been 1 year. Furthermore the police are now involved as will be lawyers, i would be surprised if the investors don't stamp this fly out of existence. The sad part is, i really believed in him and Jasleen, however, after i found out they were lying to me and other investors about the state of the company..... i started to dig. This is what i found. [continued below]....
1. Multiple ex-employees are suing Winnol and Param Personally for things ranging from "Investment fraud" to "Sexual Assault/Harassment"
2. Every single high level business contact that anyone attempted to bring to Winnol, Param himself ruined as a relationship for the individual that brought them in.
3. This man claimed to be worth "Millions", but he isn't even worth 1 million after i had an FBI investigator do some digging.
4. He is currently using my investment money to fight a lawsuit from his previous company
5. He has no patents, and lied to me saying he had 50 patents.
The list goes on... you get the point, i'm simply writing this from one investor to another, don't make my mistake.