Criminal
Aug. 1, 2024
SEC accuses former IRL CEO of $170M investor fraud
Abraham Shafi, founder and former CEO of Get Together Inc. is accused of defrauding investors.
The Securities and Exchange Commission filed charges against Abraham Shafi, founder and former CEO of Get Together Inc., alleging a multimillion-dollar fraud scheme involving the social media startup known as "IRL."
According to the complaint, Shafi, a resident of Pepeekeo, Hawaii, is accused of defrauding investors by misrepresenting IRL's growth and concealing personal expenses charged to company credit cards. Securities and Exchange Commission v. Shafi et al.<...
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