logo

Lawyer John Deaton Files Securities Fraud Class Action Against Former Linqto CEO, Involving Private Company Stock Sales Including Ripple

By: theblockbeats.news|2025/07/09 16:21:53

BlockBeats News, July 9th, according to reporter Eleanor Terrett, lawyer John E Deaton representing thousands of retail investors has filed a securities fraud class action lawsuit against Linqto co-founder and former CEO William Sarris. The lawsuit alleges that Sarris conducted a multi-year fraud scheme on the Linqto platform by selling shares of private companies such as Ripple, Uphold, and Kraken through SPVs (Special Purpose Vehicles) with undisclosed markups as high as 60%, misleading waiver statements, and unlicensed sales.

According to the complaint, Sarris had received internal legal memoranda in 2023 and 2024 explicitly warning that these issuance practices violated multiple SEC and FINRA regulations, including acting as an unregistered broker-dealer and operating an unregistered investment company, but he chose to ignore them. Deaton stated that this lawsuit is against Sarris personally and is not subject to bankruptcy protection limitations.

Metaplanet raccoglierà $21 milioni tramite obbligazioni per acquistare altri Bitcoin
WEEX ruba la scena a BlockchainRIO 2025

Potrebbe interessarti anche

Condividi
copy

Chi ha guadagnato

Ultime notizie crypto

16:51

Una balena ha depositato 1,01 milioni di USDC in Hyperliquid per sfruttare 10x long su HOOD.

16:49

Trump annuncerà il piano per l'annullamento delle norme sull'efficienza del carburante delle auto

16:21

Jupiter rilascia le linee guida ICO WET Token HumidiFi

16:19

La società di mining di criptovalute supportata dalla famiglia Trump ha visto il suo prezzo delle azioni "dimezzato" in 30 minuti.

15:53

Deutsche Bank: Se il prossimo presidente della Fed non riuscirà ad affrontare efficacemente i rischi di inflazione, il dollaro USA potrebbe subire pressioni al ribasso

Leggi di più
Community
icon
icon
icon
icon
icon
icon
icon
icon

Assistenza clienti@weikecs

Cooperazione aziendale@weikecs

Trading quantitativo e MM[email protected]

Servizi VIP[email protected]