SEC Charges Meyer Global, CEO Owen Meyer With Fraud in SpaceX-Linked Pre-IPO Private Funds
JH Kim
Summary
- The U.S. Securities and Exchange Commission (SEC) said it charged Meyer Global Management and CEO Owen Meyer with defrauding retail investors.
- The products in question included private funds linked to pre-IPO securities of unlisted companies such as SpaceX.
- The SEC said it filed the charges after determining that Meyer Global and Meyer's conduct deceived investors.
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The U.S. Securities and Exchange Commission has charged Meyer Global Management and Chief Executive Officer Owen Meyer with defrauding retail investors.
Cointelegraph reported on October 30 that the SEC alleged Meyer Global and Meyer misled retail investors in private-fund investments tied to pre-IPO securities, including SpaceX.
According to the SEC, the products in question included private funds linked to pre-IPO securities of unlisted companies such as SpaceX.
The SEC said the conduct by Meyer Global and Meyer deceived investors, leading the agency to file the charges.
JH Kim
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