SEC Charges Former Linqto Executives Over $430M Retail Investor Fraud

The SEC charged former Linqto executives William Sarris and Joseph Endoso on Oct 9, 2026, for allegedly defrauding retail investors who bought over $430 million in pre-IPO SPVs from 2021 to 2024. The SEC says they falsely claimed prices were below market value, shares were sold out, and an algorithm set prices, and they ran an unregistered investment company while selling unregistered securities.