Snapchat sued by ex-employee, alleging investors were misled before IPO

An ex-Snapchat worker is reportedly claiming, in a lawsuit, that his former employer misrepresented their financial backing beofre the IPO when they originally recruited him – and then supposedly pressured him to spill secrets about his time at Facebook.  

The LA Times reports that Anthony Pompliano previously worked in Snapchat’s Business Operations Department before being fired in September 2015.

He claims in his lawsuit that the Snapchat lied about the reasoning behind his termination which in turn prevented him from securing further employment elsewhere.

The lawsuit states: “Mr Pompliano was terminated because he refused to participate in a scheme to deceive the public and artificially inflate Snapchat's valuation in anticipation of its [initial public offering].”