The SEC sued Shima Capital founder Yida Gao for alleged investor fraud, claiming misleading fundraising claims that raised nearly $170 million. Gao resigned shortlyThe SEC sued Shima Capital founder Yida Gao for alleged investor fraud, claiming misleading fundraising claims that raised nearly $170 million. Gao resigned shortly

SEC Alleges Fraud in Shima Capital’s Crypto Fundraising, Founder Yida Gao Resigns

The SEC sued Shima Capital founder Yida Gao for alleged investor fraud, claiming misleading fundraising claims that raised nearly $170 million. Gao resigned shortly after, leading to the fund's wind-down and a proposed $4 million settlement including disgorgement and bans. SEC alleges Shima Capital misled investors with false return claims in pitch decks, inflating a [...]

Market Opportunity
FUND Logo
FUND Price(FUND)
$0,01
$0,01$0,01
-%16,66
USD
FUND (FUND) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.