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SEC Alleges Fund Advisor Misled Investors in Pre-IPO Schemes
News August 11, 2026 at 01:36 PM
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What You Need To Know
- Adit Ventures and co-founder Eric Munson made false claims about investments and overcharged clients with millions of dollars to buy shares of SpaceX, the SEC said.
- Munson, 65, and his firm agreed to settle the SEC’s allegations without admitting to the regulator’s claims.
- Munson solicited investments through misrepresentations and false promises, then misused the money for his benefit, including taking out unsecured loans of investor cash, the SEC said.
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