Regulatory agencies announce major enforcement actions against platform executives and darknet operators, while Ethereum tests a massive capacity expansion on Sepolia.

Federal regulators charged former Linqto executives over private equity sales, while authorities indicted two men for allegedly running a $430 million darknet market.

Regulators allege William Sarris and Joseph Endoso deceived retail investors on pricing and ran unregistered investment vehicles from 2021 to 2024.

William Sarris allegedly charged excessive markups on pre-IPO investments while misrepresenting prices to boost company revenue

U.S. prosecutors announced on Wednesday criminal fraud charges against two former chief executive officers ‌of Linqto over their alleged roles in a $450 million scheme to defraud thousands of investors hoping to cash in on private companies before they went public.

U.S. prosecutors announced on Wednesday criminal fraud charges against two former chief executive officers ‌of Linqto over their alleged roles in a $450 million scheme to defraud thousands of investors hoping to cash in on private companies before they went public.

The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

A Texas court ruled that lenders excluded from Serta Simmons Bedding's uptier restructuring are owed more than $400 million. A Missouri judge approved a $46.7 million data breach settlement for 23andMe claimants, while the Second Circuit ruled an investor can keep its Bed Bath & Beyond stock profits. Linqto won approval to pay off its Chapter 11 loan with securities, and Viridis Chemical got its Chapter 11 liquidation plan confirmed after its asset sale.

White & Case LLP can recover unpaid legal fees from distributions intended for a major shareholder of bankrupt investment platform Linqto Texas LLC.

White & Case LLP can recover unpaid legal fees from distributions intended for a major shareholder of bankrupt investment platform Linqto Texas LLC.

TLDR: there was a huge forced seller in Ripple’s common stock, and they finished selling a few days ago. The liquidators of Linqto sold a little over 1.7 million shares, or about 1% of the company, at...

Investment platform Linqto received approval for its liquidation plan, Del Monte scored approval for a $500 million asset sale and deal with its creditors, and a nursing home private equity investor hit Chapter 11 with more than $1 billion in debt. This was the week in bankruptcy.

New Filings: FAT Brands Inc. ($FAT) + White Rock Medical Center, LLC. Updates: Linqto Texas, LLC + Sailormen Inc. And some good charts.

Forge (NYSE:FRGE) was selected as Liquidating Trustee to hold and administer customer-linked assets from Linqto following Linqto’s Chapter 11 proceedings. Forge will manage assets through post-emergence structures under Linqto’s confirmed plan, subject to final court approval and execution of legal agreements. Forge cited its regulated infrastructure, an SEC-registered adviser and broker-dealer, a state-chartered trust company, and experience facilitating $18 billion in private market transactions.