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U.S. prosecutors charged
three former principals of StraightPath Venture Partners with
defrauding investors by promising access to hot private
start-ups that had the potential to conduct initial. -November 29, 2023 at 06:25 pm EST
- MarketScreener
Three principals of private equity firm StraightPath Venture Partners have been indicted in New York federal court on charges they raised $386 million by defrauding over 2,000 investors through false promises about purchases of pre-IPO shares in private companies, according to a Wednesday statement from the U.S. Department of Justice.
StraightPath sold its nine funds to at least 2,000 people through cold calls from boiler rooms and siphoned off 30% of the roughly $386 million invested, the…
Legend Venture Partners LLC (Release No LR-25772; Jul 11, 2023) sec.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sec.gov Daily Mail and Mail on Sunday newspapers.