US Prosecutors Indict Two Former Linqto CEOs in $450M Fraud
SPCX Space Exploration Technologies Corp
$140.71 -1.07%
View chart & analysis → - 1US prosecutors indicted two former CEOs of Linqto over an approximately $450 million pre-IPO stock fraud scheme
- 2Founder William Sarris faces six counts including securities fraud, while successor Joseph Endoso pleaded guilty and is cooperating with investigators
- 3Prosecutors said the scheme used fake scarcity and markups exceeding 200% to raise funds from more than 13,000 investors
This 3-line summary is compiled from the report below.
Reuters View original ↗
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