Startup sues former execs, alleging conspiracy to drive company into bankruptcy

St. Petersburg-based blockchain startup Priatek has filed a federal lawsuit against its former executives, accusing them of stealing intellectual property and ultimately forcing the company into bankruptcy, among other allegations. 

The 54-page lawsuit was filed March 18 in the Middle District of Florida Tampa Division on behalf of Priatek investors. The main defendants include former Priatek executives Bobby Tinsley and his St. Petersburg-based company, SKUx, and Brian Quimby and his company, I2W and iTouchOrlando. 

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About 25 years ago, when an African-American congregation in the Washington, D.C. area was denied a loan from a bank it had been doing business with for years, its pastor decided to act.  

Determined to fight bias in lending and other types of discrimination, he teamed up with other churches to form the Collective Banking Group. That organization evolved into the Collective Empowerment Group and inspired affiliates around the country, including one in the Tampa Bay region. 

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