- Asa Mathat for Vox Media
Magic Leap, the secretive Florida startup developing futuristic augmented reality glasses, raised a whopping $502 million in October.
Two days later, it called the cops and told them an employee had stolen over $1 million over a period of 23 months.
The story of the alleged theft, which has never been reported until now and apparently involved an HR manager and a recruiting company, is one of several strange problems that have bedeviled the young company, whose innovative technology is a subject of both fascination and skepticism among industry insiders.
Click here to read Business Insider PRIME’s report about how an employee allegedly stole $1 million from Magic Leap.