Episode Details

A power struggle erupts at Ondo Finance after founder Nathan Allman’s death, as his estate accuses CEO Ian De Bode of seizing control prematurely. With Allman’s stake now under his mother Kathleen Allman’s legal guardianship, De Bode allegedly declared himself CEO before she was officially appointed — triggering a board revolt. Kathleen initially sought cooperation but says De Bode blocked access to company records, forcing her to expand the board and remove him from all roles in July. The estate demands swift court action to prevent chaos, while De Bode dismisses claims as baseless, citing investor and foundation support. Amid the turmoil, the board moves forward — hiring Adam Schlisman as CFO — pledging to honor Allman’s legacy and serve the community.

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