$80 Million Equity Crowdfunding Fraud: SEC Charges 8 in Reg A Pay-To-Play Scheme

The complaint alleges Palm Beach Ventures newsletter and several Reg A issuers of engaging in a massive pay-to-play scheme.

Photo by Kenny Eliason on Unsplash

The SEC recently filed a 30-page complaint in federal court alleging 8 individuals of conspiring in an elaborate $80 million equity crowdfunding fraud, including writers of the newsletter and several Reg A…

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Caleb Naysmith

Head of Startup News at Benzinga, Founder of Democratizing.Finance — Law School student, Army Officer, and writing about Startups and Equity Crowdfunding!