US investment manager charged with Anduril pre-IPO fraud
Yahoo Finance·2025-12-19 04:56
By David Jeans NEW YORK, Dec 18 (Reuters) - A New York investment manager has been indicted for allegedly defrauding millions of dollars from investors in a sham pre-IPO scheme tied to U.S. drone-maker Anduril Industries, highlighting the risk of fraud as private tech firms grow more prominent and valuable. Giovanni Pennetta, manager of Sestante Capital, was arrested on Sunday at JFK International Airport and later charged with securities fraud, wire fraud and aggravated identity theft, the Departmen ...