Fraudster who peddled fake pre-IPO Airbnb stock falsely claimed to represent Egypt's Mansour family
Publishing timestamp: 2024-02-27 12:01:10
Summary
Shamoon Rafiq pleaded guilty to conspiracy to commit securities and wire fraud after selling fake pre-IPO equity in Airbnb. He masqueraded as a representative of the prominent Mansour family office in Egypt. Rafiq duped investors into buying into pre-IPO tech companies like Airbnb, claiming he had access to shares that didn't exist. He faces up to five years in prison for his "brazen scheme" that defrauded U.S. investors.
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