SEC settles charges over SpaceX, Klarna, pre-IPO share fraud
The U.S. Securities and Exchange Commission (SEC) settled fraud charges against Adit Ventures Management and its founder Eric Munson related to pre-IPO investments in Klarna and SpaceX. The SEC alleged that the firm solicited investments using false claims and misused client funds for personal benefit, including taking undisclosed loans. Adit Ventures agreed to a consent order involving disgorgement and a civil penalty, pending federal judge approval, while Munson denied the allegations but opted to settle to avoid further conflict.