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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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      "text": "We believe a pattern similar to that laid out in the complaint may now be playing out with Quantumscape.",
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      "text": "SEC Hits Bankrupt KiOR With Fraud Suit Over $150M IPO / Lawsuit alleges fraud by KiOR executives, investors",
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      "text": "Excerpts from 67 page complaint, where sections regarding Khosla's role appear to now be heavily redacted",
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      "text": "Our key takeaways from the fraud complaint: The \"central representation\" upon which investor interest in Kior was based - its yield rate - was a hoax. Kior went public based on its claimed yield rate, promoted in its IPO prospectus (S-1).",
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      "text": "Khosla appeared apoplectic at the 60 Minutes story, penning a lengthy diatribe where he called them \"pontificators\" doing \"National Enquirer\" and \"Benghazi-style reporting.\" However, the 60 Minutes story was prescient, as Kior - which peaked at $1.7B market cap - filed for bankruptcy within months.",
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      "text": "The complaint is troubling, with the COO saying the CEO had “cooked the books” and telling them he was not “going to be part of this scam.” — Legal Complaint",
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      "text": "Source: https://www.law360.com/articles/844875/sec-hits-bankrupt-kior-with-fraud-suit-over-150m-ipo ; Case 25CI1:15-cv-00017 filed 1/13/2015 in the Circuit Court of Hinds County, Mississippi",
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      "text": "9) Quantumscape's lead investors have a track record of backing frauds and failures in the EV battery/cleantech industry",
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      "text": "Case study #1: Kior stock fraud, Bill Gates invested",
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