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“We believe that this action is an overreach by the SEC, and look forward to fighting these allegations and clearing the air,” Rishi Kapoor told the Miami Herald.
Judge orders Kapoor’s assets to be frozen.
A federal judge froze Rishi Kapoor’s bank accounts, requiring him to provide a “sworn accounting” of his assets.
“I believe what he misjudged,” said one former Location Ventures employee, “was people demanding facts.”
“Sometimes it’s better to walk away from a situation,” the mayor said.