EquipmentShare skimming their investors for years They've been hiding investors money behind 130 shell companies designed to keep the payments off regulators' radar Jabbok Schlacks is CEO of EquipmentShare, a construction equipment rental company. The company runs a program that lets investors buy equipment and rent it back through the platform He and his brother Willy built two companies: • Bevel Financial: financed the loans investors used to buy the equipment • Armada Fleet Management: managed the equipment after investors bought it Both got paid on every deal: • Bevel Financial: $24M+ in origination fees • Armada Fleet Management: $18M+ in fleet fees Now they're facing a class action lawsuit over $77M in payments to companies the Schlacks brothers secretly controlled $EQPT fell 17%+ in the two days after the report broke, and is still down 23%+ since All figures are allegations from the research report and pending litigation, not confirmed findings

EQT Infrastructure is backing a $2 billion small-battery investment to slash power costs for industrial consumers and help data centers get connected faster to the largest US electricity grid

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