Serial entrepreneur Chris Carson secretly sold $1.3 million worth of his stake in his private company by forging board documents, then used the funds to buy a gold Bentley Continental, a McLaren 750S and an Aston Martin, per a new lawsuit.

His company, Hayden AI, has a $20 million contract with New York City for 300 bus cameras so they can send tickets to people parked in the bus lane. The San Francisco-based firm fired Carson for allegedly selling some of his stake without permission and forging board members’ signatures to cover his tracks, then sued him in California state court.

Carson apparently needed the money to finance the purchase of a new $2.7 million home in Boca Raton, Florida. Along........

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