News Watch | U.S. SEC sues two former Linqto executives, alleging they defrauded retail investors of more than $430 million
The U.S. Securities and Exchange Commission (SEC) announced that it has sued William Sarris and Joseph Endoso, two former executives of Linqto, a private-company investment platform headquartered in San Jose, California. The SEC alleges that they misled and defrauded thousands of retail investors seeking to invest in pre-IPO unicorns. According to the SEC’s complaint, from 2021 to 2024, a Linqto subsidiary sold more than $430 million worth of special purpose vehicles (SPVs) to retail investors. These vehicles held interests in private companies.
Pay close attention to the applicable jurisdictions, the businesses involved, and the timing of enforcement.
This is not investment advice.
The U.S. Securities and Exchange Commission (SEC) announced that it has sued William Sarris and Joseph Endoso, two former executives of Linqto, a private-company investment platform headquartered in San Jose, California. The SEC alleges that they misled and defrauded thousands of retail investors seeking to invest in pre-IPO unicorns. According to the SEC’s complaint, from 2021 to 2024, a Linqto subsidiary sold more than $430 million worth of special purpose vehicles (SPVs) to retail investors. These vehicles held interests in private companies.
Pay close attention to the applicable jurisdictions, the businesses involved, and the timing of enforcement.
This is not investment advice.