Tag: IRL

SEC Charges Former CEO of Social Media Startup IRL with $170 Million Fraud

Investment Schemes tamir - August 1, 2024

The U.S. Securities and Exchange Commission (SEC) has charged Abraham Shafi, the founder and former CEO of the social media startup Get Together Inc. d/b/a IRL, with defrauding investors by providing false and misleading information about the company's growth and concealing personal use of company funds. Shafi allegedly raised $170 million from investors, presenting IRL as a fast-growing social media platform.

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