S.F. social media app founder accused by the SEC of massive investor fraud
The founder of a social media platform based in San Francisco and backed by SoftBank is accused by U.S. authorities of defrauding investors and misappropriating millions of dollars on personal luxuries like a lavish wedding, extravagant flights and high-end hotel stays. "Shafi took advantage of investors' appetite for investments in the pre-IPO technology…
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