menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

XRP Lawyer...
source image

Coindoo

9h

read

82

img
dot

Image Credit: Coindoo

XRP Lawyer John Deaton Sues Linqto Founder Over Alleged Securities Fraud

  • XRP lawyer John Deaton has sued Linqto founder, Sarris, over alleged securities fraud involving private firms like Ripple, Uphold, and Kraken.
  • The lawsuit claims Sarris sold shares through unregistered SPVs, ignored legal warnings, and charged high hidden fees while exploiting regulatory exemptions.
  • Linqto is under bankruptcy protection in Houston, accused of misleading customers about ownership in private firms, leading to over $500 million in inflated holdings.
  • Regulators like the SEC and FINRA are investigating Linqto, with shareholders challenging the bankruptcy reorganization plan, setting the stage for a legal battle over the company's future.

Read Full Article

like

4 Likes

For uninterrupted reading, download the app