The article discusses a lawsuit filed by Davis and Herfel against Keller Williams alleging serious misconduct, including accusations of sexual misconduct against John Keller and subsequent cover-ups involving company officials. It claims that Gary Keller paid off the accuser with $1 million and rewarded Stacie Herron with a bonus and promotion for her role in the cover-up. Additionally, Davis’s racketeering suit outlines financial improprieties by Keller and his associates, alleging embezzlement, kickbacks, and misallocation of franchisee fees to enrich company executives.
According to the filing, a Keller Mortgage employee accused John Keller of sexual misconduct and the allegations were allegedly covered up by the company's general counsel.
Davis alleges that the defendants required franchisees to adopt KWRI's present market cap, leading to increased fees that were misappropriated by company executives.
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