An expedia employee who made a bad investment decision, the latest example of employee behavior that has drawn scrutiny from consumer advocates, is under investigation by the Federal Trade Commission.
The FTC is looking into a recent report that alleged a former employee at expedia made a $5 million investment into a startup called GoDaddy that is based in Dubai, the UAE.
The report, which was released Thursday, alleged that the employee made the investment by “spend[ing] time at expo[s] in a hotel room in Dubai and then purchasing a travel voucher from a travel agency in order to have access to GoDaddy in the UAE.”
The report said that the company has “significant cash reserves and assets, including some $5.7 million in cash and assets.”
The FTC complaint said that while GoDaddy “has not yet opened its doors to U.S. customers,” it has “a significant presence in the United States, particularly in San Diego, Los Angeles and New York City.”
The company is the third company to have experienced this type of misbehavior in recent months, and the first since the beginning of the year.
A group of former expo employees filed a lawsuit against the company in October, claiming they were subjected to sexual harassment and retaliation.
The investigation is ongoing.