Lawyer John Deaton Files Securities Fraud Class Action Against Former Linqto CEO, Involving Private Company Stock Sales Including Ripple
By: theblockbeats.news|2025/07/10 00:21:53
0
Share
BlockBeats News, July 9th, according to reporter Eleanor Terrett, lawyer John E Deaton representing thousands of retail investors has filed a securities fraud class action lawsuit against Linqto co-founder and former CEO William Sarris. The lawsuit alleges that Sarris conducted a multi-year fraud scheme on the Linqto platform by selling shares of private companies such as Ripple, Uphold, and Kraken through SPVs (Special Purpose Vehicles) with undisclosed markups as high as 60%, misleading waiver statements, and unlicensed sales.
According to the complaint, Sarris had received internal legal memoranda in 2023 and 2024 explicitly warning that these issuance practices violated multiple SEC and FINRA regulations, including acting as an unregistered broker-dealer and operating an unregistered investment company, but he chose to ignore them. Deaton stated that this lawsuit is against Sarris personally and is not subject to bankruptcy protection limitations.
You may also like
Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement
Committed to becoming the "Stripe" of the AI payment era.
DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.
Who can make money in the era of Agents?
The next billion users will be Agents, but the crypto world has not yet found their wallets.
From brokerages to banks, Hong Kong intensifies efforts to clean up cross-border investment account openings
Where there is a large market demand, there will be opportunities in Hong Kong.
The trillion-dollar frenzy of selling memory, profits from buying memory are halved
The demand for computing power and storage by AI may indeed be structural, and LTA may have truly rewritten the industry rules; a trillion-dollar market value may just be the starting point.
2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique
Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.
B.AI partners with BNB Chain to launch the "Billion AI Token Subsidy" celebration, fully igniting the on-chain intelligent agent ecosystem
B.AI partners with BNB Chain to launch a hundred billion points subsidy program, with an additional special incentive of 8,000 USDT in the total prize pool, helping Web3 players access top large models with zero barriers and experience a full-stack AI financial foundation.
How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?
Chip giant Micron Technology's total market value has surpassed $100 billion. It has navigated multiple rounds of industry reshuffling by controlling manufacturing costs and is currently facing a new cycle of competition in the high-end HBM segment, mid-to-low-end market competition, and adjustments...
Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?
In-depth analysis of Hashkey's IPO financial report: the platform token HSK is cleverly classified by the official as "contract liabilities" to smooth profits, and the expectation of up to 95% "dead coins" reveals a significant misalignment between the company's compliance logic and investors' specu...
Bankless Founder: Why I Sold All My ETH
We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.
Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered
Overview of Important Market Events on May 26
Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold
Overview of Important Market Events on May 25
Insiders betting on Musk are reaping "historic returns."
SpaceX submitted its S-1 prospectus for the largest IPO in history, disclosing details of Class A shareholdings, significant losses in the AI sector, and multiple related party transactions, with an expected listing in mid-June.
Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?
On one side is the collective withdrawal of lending and collateral-type vaults, while on the other side is the counter-trend growth of RWA and curation vaults. On-chain vaults are no longer a single market, but rather eight increasingly differentiated tracks. This ten-thousand-word research report t...
Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices
AI + Privacy + Buyback.
Visa and Stripe are both working on stablecoins, but their focus is not on payments
Why do businesses still need stablecoins? What problems do stablecoins actually solve?
How Traders Keep Profits When PEPE WLD and FET Start Moving Fast Again
PEPE, WLD and FET are moving fast again as crypto volatility returns in 2026. Here’s how active traders are adapting to fast altcoin markets, reducing trading friction, and keeping more profits during high-frequency trading.
It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere
How can a system born from decentralization and without permission embed regulatory frameworks based on sovereignty, licensing, and consumer protection?
Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement
Committed to becoming the "Stripe" of the AI payment era.
DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.
Who can make money in the era of Agents?
The next billion users will be Agents, but the crypto world has not yet found their wallets.
From brokerages to banks, Hong Kong intensifies efforts to clean up cross-border investment account openings
Where there is a large market demand, there will be opportunities in Hong Kong.
The trillion-dollar frenzy of selling memory, profits from buying memory are halved
The demand for computing power and storage by AI may indeed be structural, and LTA may have truly rewritten the industry rules; a trillion-dollar market value may just be the starting point.
2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique
Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
