{"id":26082,"date":"2011-11-18T07:39:36","date_gmt":"2011-11-18T12:39:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=26082"},"modified":"2011-11-18T07:39:36","modified_gmt":"2011-11-18T12:39:36","slug":"sec-phony-hedge-fund-sold-fake-pre-ipo-shares","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2011\/sec-phony-hedge-fund-sold-fake-pre-ipo-shares.html","title":{"rendered":"SEC: Phony hedge fund sold fake pre-IPO shares"},"content":{"rendered":"<p>Politico &#8211; The pitch on LinkedIn seemed too good to be true: Act now to buy pre-IPO shares of Facebook, Groupon, Twitter, Zynga and other hot companies about to go public.<\/p>\n<p>And indeed that\u2019s exactly what the Securities and Exchange Commission found: The ads were part of an elaborate scheme carried out by a fake hedge fund that cheated investors out of more than $12 million and financed the perpetrator\u2019s \u201clifestyle of private jets, luxury cars and fine art,\u201d the Securities and Exchange Commission alleged Thursday.<\/p>\n<p><a href=\"http:\/\/www.politico.com\/news\/stories\/1111\/68618.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Politico &#8211; The pitch on LinkedIn seemed too good to be true: Act now to buy pre-IPO shares of Facebook, Groupon, Twitter, Zynga and other hot companies about to go public. And indeed that\u2019s exactly what the Securities and Exchange [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26082","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=26082"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26082\/revisions"}],"predecessor-version":[{"id":26083,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26082\/revisions\/26083"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=26082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=26082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=26082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}