{"id":10643,"date":"2022-05-13T17:19:40","date_gmt":"2022-05-13T21:19:40","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10643"},"modified":"2022-05-13T17:21:48","modified_gmt":"2022-05-13T21:21:48","slug":"sec-sues-straightpath-venture-partners-for-alleged-ipo-investing-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-sues-straightpath-venture-partners-for-alleged-ipo-investing-fraud\/","title":{"rendered":"SEC Sues StraightPath Venture Partners For Alleged IPO Investing Fraud"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10644 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/05\/StraightPath-Venture-Partners.png\" alt=\"On Friday, May 13, 2022 the SEC (Securities and Exchange Commission) sued StraightPath Venture Partners LLC and its three founders in federal court alleging the Florida firm raised over $410 million with fraudulent promises to investors about private companies that may hold IPOs (initial public offerings). The civil complaint was filed in Manhattan and seeks the appointment of a receiver to stop fraud at the firm as well as an asset freeze. SEC Alleges StraightPath Made Ponzi-Like Payments The SEC\u2019s complaint alleges that StraightPath sold its investments by describing them as a way for Main Street investors to buy into the exclusive pre-IPO shares in highly-sought after companies like cryptocurrency exchange Kraken and meat-free burger manufacturer Impossible Foods. But according to the SEC, StraightPath in many cases did not have the shares it claimed to. It is also alleged that the company commingled investor and firm assets and made Ponzi-like payments to certain investors.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/05\/StraightPath-Venture-Partners.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/05\/StraightPath-Venture-Partners-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>On Friday, May 13, 2022 the SEC (Securities and Exchange Commission) sued StraightPath Venture Partners LLC and its three founders in federal court alleging the Florida firm raised over $410 million with fraudulent promises to investors about private companies that may hold IPOs (initial public offerings). <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-sues-straightpath-venture-partners-for-alleged-ipo-investing-fraud\/#more-10643\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, May 13, 2022 the SEC (Securities and Exchange Commission) sued StraightPath Venture Partners LLC and its three founders in federal court alleging the Florida firm raised over $410 million with fraudulent promises to investors about private companies that may hold IPOs (initial public offerings). Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[],"class_list":["post-10643","post","type-post","status-publish","format-standard","hentry","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Sues StraightPath Venture Partners For Alleged IPO Investing Fraud<\/title>\n<meta name=\"description\" content=\"The SEC sued StraightPath Venture Partners in federal court alleging the firm raised over $410 million with fraudulent promises about IPOs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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IPO Investing Fraud","description":"The SEC sued StraightPath Venture Partners in federal court alleging the firm raised over $410 million with fraudulent promises about IPOs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/sec-sues-straightpath-venture-partners-for-alleged-ipo-investing-fraud\/","twitter_card":"summary_large_image","twitter_title":"SEC Sues StraightPath Venture Partners For Alleged IPO Investing Fraud","twitter_description":"The SEC sued StraightPath Venture Partners in federal court alleging the firm raised over $410 million with fraudulent promises about IPOs.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/05\/StraightPath-Venture-Partners.png","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 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