Former Linqto CEOs Charged in Fraud Scheme
Federal prosecutors charged two former Linqto chief executive officers over an alleged 450 million dollar pre-IPO investment fraud scheme. William Sarris faces multiple criminal charges while Joseph Endoso pleaded guilty to securities fraud.
United States prosecutors filed criminal fraud charges on Wednesday evening against two former chief executives of Linqto over a $450 million pre-IPO investment scheme. The indictment targets a platform that promised retail investors early access to shares in private companies before public debuts. The case highlights regulatory risks in private market investing as thousands of retail participants face heavy losses following bankruptcy proceedings.
