SEC指控Adit Ventures及首席执行官借SpaceX等上市前股份欺诈投资者
2026年8月10日，美国证券交易委员会（SEC）在华盛顿宣布，已向纽约南区联邦地区法院起诉纽约投资顾问Adit Ventures Management LLC、其首席执行官Eric Munson与三家关联普通合伙实体（案号1:26-cv-06800），指控他们围绕SpaceX、Klarna等上市前公司股份欺诈投资者与客户基金，并侵占顾问客户资产、收取数百万美元未披露费用。以下均为SEC指控，尚未经法院认定。
SEC称，至少在2019年4月至2024年12月间，被告以虚假陈述招揽投资者投入Adit管理的基金；其中一次，Munson谎称一只基金已持有一家上市前公司的股份，骗得一名投资者投入逾1,500万美元，而该工具当时根本没有持股。SEC还指控，被告经常把客户资金用于自身利益，包括从基金取得无担保优惠贷款，有关交易未经基金文件授权且一般未向投资者披露。
起诉书另指控，被告先买入上市前股份，再让客户基金以更高价格买入，谎报真实收购成本且未取得所需的本人交易同意；另收取数百万美元未经授权的「收购费」，并把客户资产质押为一笔1,000万美元信贷额度的担保，部分款项用于偿还被告自身债务。SEC并指控Adit Ventures Management未按规定注册为投资顾问。
SEC称，被告在不承认指控的情况下已同意一项待法院批准的判决：永久禁止违反被控的联邦证券法条款，并由法院裁定退缴违法所得、判决前利息与民事罚款的金额；Munson另同意一项行业禁入安排，三年后可申请重新进入。
SEC Charges Adit Ventures and Its CEO in Alleged Pre-IPO Fraud Involving SpaceX and Klarna Shares
On August 10, 2026, the U.S. Securities and Exchange Commission announced in Washington that it had charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners in the U.S. District Court for the Southern District of New York (No. 1:26-cv-06800), alleging they defrauded investors and client funds in connection with investments in pre-IPO shares such as SpaceX and Klarna, misappropriated advisory client assets, and charged millions in undisclosed fees. The following are SEC allegations, not court findings.
From at least April 2019 through December 2024, the SEC alleges, the defendants used false claims and promises to persuade investors to contribute capital to Adit-managed funds, including Munson securing more than $15 million from one investor by falsely claiming that a fund owned shares of a private, pre-IPO company when the vehicle held none. The defendants also allegedly used client capital for their own benefit, including taking unsecured loans from funds on favorable terms that were not authorized by fund documents and generally not disclosed to investors.
The complaint further alleges the defendants bought pre-IPO shares and caused client funds to buy them at higher prices while misrepresenting the true acquisition cost and without required consent for the principal transactions, overcharged client funds millions in unauthorized acquisition fees, and improperly pledged client assets as collateral for a $10 million line of credit used in part to pay the defendants' own obligations. The SEC also alleges Adit Ventures Management failed to register as an investment adviser.
Without admitting the allegations, the defendants consented to a judgment, subject to court approval, permanently enjoining them from violating the charged provisions, with disgorgement, prejudgment interest and a civil penalty to be determined by the court; Munson also agreed to an associational bar with a right to apply for reentry after three years, the SEC said.
来源：美国证券交易委员会
发布：GSM·美国（发布链接）
图片来源：图：位于华盛顿的美国证券交易委员会总部大楼（资料图）。（GSM固定图库） / Photo: U.S. Securities and Exchange Commission headquarters in Washington (file photo). (GSM asset library)
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