SEC charges X show entrepreneurs and OpenAI/SpaceX fund manager for capital misuse
OPENAI
Statements (3)
- Bearish
The SEC charged a private fund adviser with alleged fraud related to investor enthusiasm for pending IPOs including SpaceX and OpenAI
- Bearish
The SEC alleges that investors who thought they were buying pre-IPO shares of OpenAI and SpaceX had their cash diverted to strip clubs, Bloomingdale’s, and shopping on Amazon
- Bearish
The SEC alleges that a fund manager misused investor capital intended for pre-IPO OpenAI and SpaceX shares for personal expenses including strip clubs, Bloomingdale’s, and Amazon shopping