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  • Eric Trump-backed robot soldier startup can't pay staff after founder borrowed $4.6 million from company to buy homecnbc.com· 10h

    CNBC reports that Foundation, an Eric Trump-backed maker of military humanoid robots, has missed payroll since Oct. 30 after CEO Sankaet Pathak borrowed $4.6 million from the company to buy a Sausalito home, per people familiar with the matter. The article also recounts Pathak's Synapse collapse that locked over 100,000 Americans out of $265 million in deposits, and questions whether Foundation's widely reported $24 million in Pentagon contracts actually stem from its 2024 acquisition of Boardwalk Robotics.

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