SEC Investigating Fraudulent Pre-IPO Facebook Shares Offer
What happened to more than $3 million that was allegedly raised by venture capital fund Ventures Trust II to purchase Facebook shares prior to the social network’s initial public offering? The Securities and Exchange Commission is attempting to answer that question.
What happened to more than $3 million that was allegedly raised by venture capital fund Ventures Trust II to purchase Facebook shares prior to the social network’s initial public offering? The Securities and Exchange Commission is attempting to answer that question.
CNET reported that the SEC issued subpoenas for the financial records of Ventures Trust II Manager Paul Tabet and his wife, Jenifer Tabet, as part of its investigation of allegations that Paul Tabet and fellow Manager Craig Berkman raised more than $3 million to purchase Facebook shares before the company went public May 18.
According
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