Linqto's former CEO is sued for securities fraud
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Planet Daily News: Crypto reporter Eleanor Terrett posted on X platform that lawyer John E Deaton has filed a securities fraud class action lawsuit against William Sarris, founder and former CEO of Linqto, on behalf of thousands of retail investors. According to the complaint, Sarris received internal legal memoranda from the company in 2023 and 2024 that explicitly warned that these issuance activities violated multiple SEC and FINRA regulations, including acting without a registered broker's identity and operating an unregistered investment company, but he still chose to ignore them. Deaton stated that this lawsuit is specifically targeting Sarris himself and is not restricted by bankruptcy protection.
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