SEC Charges Meyer Global With SpaceX Pre-IPO Fraud as Private-Market Bets Move On-Chain
Key Highlights: The SEC charged Meyer Global Management and CEO Owen Meyer over alleged fraud involving private funds holding SpaceX and other pre-IPO investments. The regulator alleges that investor money was used for personal expenses, account values were inflated and a SpaceX-related fund lost nearly $3 million after a missed capital call. The case comes ...