A vegan startup CEO, who spent $200,000 in July on an anti-Trump ad campaign, is now under investigation by the Securities & Exchange Commission (SEC).
Josh Tetrick’s startup Hampton Creek wants to replace regular egg products (particularly mayonnaise) with vegan, plant-based substitutes.
Tetrick took out full page ads in The New York Times and Cleveland’s Plain Dealer back during the Republican National Convention in July, and used them to write an anti-Trump open letter.
Tetrick’s company is now being investigated by the SEC due to a Bloomberg News piece that reported the company sent undercover contractors into stores to buy up Hampton Creek products. From the New York Times:
Bloomberg’s report said the product buyback effort, which took place in 2014, made Just Mayo seem more popular than it was, not long before Hampton Creek raised $90 million from venture capitalists and other private investors. The basic details of the program were confirmed by a former Hampton Creek employee, who asked for anonymity because of confidentiality restrictions with his onetime employer.
GotNews would like to know where the hell Josh Tetrick got $200,000 to pay for political ad campaigns while his company’s sales were dropping so much they had to buy up their own product.
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Several sources name pro-Trump Silicon Valley billionaire Peter Thiel as an investor in Hampton Creek. Peter Thiel served as an RNC delegate from California for Donald Trump. He also gave a memorable speech endorsing Trump at the RNC.
Did he use Thiel’s money for an anti-Trump political ad campaign? Did Josh Tetrick defraud his investors?
The SEC will be finding out soon enough!
In the meantime, we suggest you celebrate veganism by eating a nice big steak.
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