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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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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