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(41NBC/WMGT) - A 30-year-old New York man was sentenced to 97 months in prison on Tuesday for a pre-IPO scam that swindled more than 50 investors, including two from the Middle District of Georgia, out of nearly $6 million.
Victim-investors paid nearly $6 million for the purchase of pre-IPO shares of select private companies and never received their promised shares. Suspect bought luxury items with the money.
Victim-investors paid nearly $6 million for the purchase of pre-IPO shares of select private companies and never received their promised shares. Suspect bought luxury items with the money.
REGULATORY UPDATES - Recent SEC Leadership Changes - The Securities and Exchange Commission (the “SEC”) announced that Megan Barbero, currently SEC...