U.S. prosecutors charged
three former principals of StraightPath Venture Partners with
defrauding investors by promising access to hot private
start-ups that had the potential to conduct initial. -November 29, 2023 at 06:25 pm EST
- MarketScreener
StraightPath sold its nine funds to at least 2,000 people through cold calls from boiler rooms and siphoned off 30% of the roughly $386 million invested, the…
Following the SEC’s failure to detect and stop Madoff’s fraud, Congress included in the Dodd Frank Act an SEC Whistleblower Program, which provides awards to whistleblowers that voluntarily provide original information leading to successful enforcement actions up to $1 million.