Investing

SEC Crushes Pre-IPO Share Scam... Facebook, Groupon, Zynga...

The SEC has cracked down on a pre-IPO scam that targeted investors looking to buy into pre-IPO shares of companies like Facebook, Twitter, Zynga, Bloom Energy, Fisker, and Groupon.  The emergency enforcement action alleges that John A. Mattera and several other individuals carried out the scam using a newly-minted hedge fund named The Praetorian Global Fund.  FULL SEC RELEASE

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