U.S.SEC sues two private equity funds over alleged false sales of OpenAI, SpaceX and other Pre-IPO shares and fund misappropriation
The United States SEC filed lawsuits in two private equity fund cases, alleging that the relevant parties provided false information and misappropriated funds while raising money to invest in Pre-IPO shares of companies such as OpenAI and SpaceX.SEC said that the technology companies involved and their management had not been found to have engaged in misconduct.