Linqtos former CEO is sued for securities fraud

Odaily News Crypto journalist Eleanor Terrett posted on the X platform that attorney John E Deaton filed a securities fraud class action lawsuit against Linqto founder and former CEO William Sarris on behalf of thousands of retail investors.
According to the complaint, Sarris received internal legal memos in 2023 and 2024 that explicitly warned him that these offerings violated multiple SEC and FINRA regulations, including acting as an unregistered broker and operating an unregistered investment company, but he chose to ignore them. Deaton said the lawsuit was against Sarris himself and was not subject to bankruptcy protection.