X @U.S. Securities and Exchange Commission
U.S. Securities and Exchange Commission·2026-08-10 20:25
🚨 The SEC today charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, Adit Ventures LLC; Adit Ventures II LLC; and Adit Ventures III LLC (the General Partners), for allegedly defrauding investors and client funds in connection with investments in pre-IPO shares, such as SpaceX and Klarna, including by misappropriating advisory client assets and charging millions in undisclosed fees.“Investment advisers are entrusted with acting in ...