Linqto Co-Founder Sued for 60% Markup Fraud Scheme
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最新报道：Linqto founder Karim Nurani is facing a lawsuit alleging he orchestrated a fraudulent scheme to sell pre-IPO shares at a 60% markup, according to court filings. Investors claim Nurani misrepresented Linqto as a licensed broker-dealer while selling shares in companies like Coinbase and Robinhood before their public listings. The complaint states Nurani and associates collected over $10 million from investors between 2019-2021 while failing to disclose the inflated pricing. Linqto, which ceased operations in 2022, previously positioned itself as a platform for accredited investors to access private market opportunities. The lawsuit seeks damages for alleged securities fraud and breach of fiduciary duty.
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