SEC 指控风投基金前雇员 Polcari 挪用投资者资金约 128 万美元
2026年9月18日，美国证券交易委员会（SEC）在新泽西州联邦地区法院起诉 Ellen Polcari（案号 26-civ-12318），指控这名两家关联风险投资公司的前雇员挪用其公司所顾问的私募基金的投资者资金。SEC 的指控均为民事指控，案件尚待法院审理。
据 SEC 起诉书，2023 年 4 月至 2025 年 3 月间，相关基金合计向至少 85 名投资者募集约 2,867 万美元，Polcari 涉嫌挪用其中约 128 万美元：她与有意投资者沟通基金证券发行事宜，指引投资者把投资款汇入由她控制的银行账户，并在收款时或收款后不久挪用其中部分款项。起诉书还指控她把属于一只基金的股票股份转至自己名下，并把其中大部分以 56,000 美元卖给第三方买家。
SEC 指控 Polcari 违反《1933 年证券法》第 17(a)(1) 与 (3) 条及《1934 年证券交易法》第 10(b) 条与规则 10b-5(a)、(c)，请求法院颁布永久禁令、追缴非法所得并加计利息、处以民事罚款，并颁布基于行为的禁令。此案由 SEC 纽约地区办公室调查。
SEC Charges Former Venture Firm Employee Ellen Polcari With Misappropriating About $1.28 Million of Investor Money
On September 18, 2026, the U.S. Securities and Exchange Commission charged Ellen Polcari in the U.S. District Court for the District of New Jersey (No. 26-civ-12318), alleging that the former employee of two venture capital firms under common ownership misappropriated money invested in private funds the firms advised. The SEC's charges are civil allegations and the case is pending.
According to the SEC's complaint, from at least April 2023 until March 2025, the funds collectively raised approximately $28.67 million from at least 85 investors, and Polcari misappropriated approximately $1.28 million of that money. The complaint alleges she communicated with prospective investors about the funds' offerings, directed them to wire their investments to bank accounts she controlled, and began misappropriating portions of the money upon receipt or shortly thereafter. She also allegedly transferred stock shares belonging to one of the funds to herself and sold most of them to a third-party purchaser for $56,000.
The SEC charges Polcari with violating Sections 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5(a) and (c) thereunder, and seeks permanent injunctions, disgorgement with prejudgment interest, civil penalties, and a conduct-based injunction. The investigation was conducted by the SEC's New York Regional Office.
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：美国证券交易委员会总部大楼（资料图）。（GSM固定图库） / Photo: Headquarters of the U.S. Securities and Exchange Commission (file photo). (GSM asset library)
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