SEC Charges New York Man Andrew Spaventa in $74 Million Pre-IPO Fraud Targeting Retail Investors

Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims

The New York financier at the center of the case, Andrew Spaventa, denied the allegations on Friday, and said he planned to defend himself.

SEC Charges New York Man Andrew Spaventa in $74 Million Pre-IPO Fraud Targeting Retail Investors

The SEC came down hard on Andrew Spaventa this week. The New York resident and three companies he ran face… Read the original on SEC Charges New York Man Andrew Spaventa in $74 Million Pre-IPO Fraud Targeting Retail Investors. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

SEC Charges Andrew Spaventa in $74 Million Scheme

WASHINGTON, DC – August 14, 2026 (STL.News) The Securities and Exchange Commission has charged New York resident Andrew Spaventa and three entities he owned and controlled with allegedly defrauding hundreds of mostly retail investors through private investment funds marketed as opportunities to invest in pre-IPO companies. The SEC announced the enforcement action Friday, alleging that Spaventa, The Spaventa Group LLC, TSG Capital Advisors LLC an…