U.S. Securities and Exchange Commission · External Intelligence
SEC Charges Boiler Room Operator and Three Entities with Defrauding Retail Investors in $74 Million Pre-IPO Investment Scam
- Source
- U.S. Securities and Exchange Commission
- Published
- 14 August 2026
- Journal
- Investment Scams
- Jurisdiction
- United States
Lynx Summary
The SEC charged Andrew Spaventa, a New York resident, and three entities he controlled and owned with alleged fraud and other violations involving unregistered private-fund offerings. The agency described the case as a $74 million pre-IPO investment scheme involving a boiler room operator and retail investors.
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