One More Reason To Be Wary Of Tech Unicorns: Pre-IPO Scams

This is part two of a series on some of Wall Street’s biggest frauds and how to avoid them. Click here for part one on the “Wolf of Wall Street” and microcap stocks. Q2 hedge fund letters, conference, scoops etc One type of fraud that hasn’t gotten a lot of press over the years is the pre-IPO scam. Given the large number of tech unicorns which have been going public recently, this is an excellent time to raise awareness about this type of scam. Perpetrators of pre-IPO scams claim to offer investors the chance to buy pre-IPO shares of companies,…