SEC Charges Boiler Room Operator and Three Entities with Defrauding Retail Investors in $74 Million Pre-IPO Investment Scam

Lynx 摘要

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.