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![thecryptobasic Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1221786728379404288.png) TheCryptoBasic [@thecryptobasic](/creator/twitter/thecryptobasic) on x 71.9K followers
Created: 2025-07-10 08:29:36 UTC

A few hours after Linqto’s bankruptcy filing, Deaton filed a federal securities class action against Sarris on behalf of retail investors.

The attorney alleged that Sarris orchestrated a multi-year scheme involving undisclosed markups of up to XX% on the prices of pre-IPO shares in private companies. This caused investors to pay significantly more than the actual value of the shares.

The complaint also accused Sarris of relying on misleading exemptions and unlicensed sale tactics to sell pre-IPO stock of private companies via special purpose vehicles (SPVs).


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943226084239036556/c:line.svg)

**Related Topics**
[stocks](/topic/stocks)
[chapter 11](/topic/chapter-11)

[Post Link](https://x.com/thecryptobasic/status/1943226084239036556)