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Cases / Investment funds & advisory

StraightPath Venture Partners LLC, StraightPath Management LLC

Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, Eric D. Lachow

ReportedMay 16, 2022
LocationNY
Amount$410,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
StraightPath Venture Partners LLC, StraightPath Management LLC
Industry
Pre-IPO shares funds
How investors were recruited
Boiler-room call centers cold-called retail investors, many unsophisticated, using pitch scripts approved by the principals
Pitch & red flags
told investors "each investment would be kept separate" and they were "charging no upfront fees"; undisclosed markups as high as 100%

Pitch phrases from this case

Source

SEC official

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