✉news ScienceSpace first seen 6 h ago, last 33 min ago, peak #6
SEC says fake OpenAI and SpaceX share sales funded luxury spending
Original: Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
US regulators allege investors were defrauded into buying what they believed were pre-IPO shares of OpenAI and SpaceX, with the money instead spent on strip clubs, Bloomingdale's shopping and Amazon purchases. The SEC claims the scheme exploited demand for hard-to-get shares of hot private companies. The case highlights growing risks in the secondary market for private startup equity.
Why now: Regulators have just charged a scheme that exploited investor enthusiasm for OpenAI and SpaceX pre-IPO shares.
Rank over time, top of the chart is #1. 5 snapshots from 6 h ago to 33 min ago.
Evidence
- Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges · Yahoo Finance
- Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges · Fortune
API: https://socialmediatrends-api.osmike.com/v1/trends/550054