AIFortuneabout 2 hours ago
SEC alleges $74M boiler room fraud
5 min read
The SEC charged Andrew Spaventa and The Spaventa Group with fraud for allegedly raising $74 million selling retirees pre-IPO shares in SpaceX, Anduril, Anthropic, and Perplexity with hidden markups averaging 46%. The firm collected $23 million in undisclosed fees from over 800 investors.
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