Alleged Napster Funding Fraudster Faces Criminal and Civil Cases — Company ‘Never Received Any Money’ Despite the Individual’s ‘Promise to Invest $3.36 Billion’
Entertainment – Music
It turns out Infinite Reality/Napster’s huge funding round was even more suspicious than we thought: Now, two federal cases are in motion against the individual who allegedly “fraudulently obtained” almost 240 million of the company’s shares. The U.S. Attorney’s Office for the Southern District of New York formally announced a criminal indictment against the alleged […] Continue reading this story from the source →
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