The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses (Joe Miller/Financial Times)

Joe Miller / Financial Times: The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses  —  Abraham Shafi allegedly hoodwinked backers and spent millions of dollars on personal expenses  —  NEW

Jul 31, 2024 - 22:00
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The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses (Joe Miller/Financial Times)

Joe Miller / Financial Times:
The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses  —  Abraham Shafi allegedly hoodwinked backers and spent millions of dollars on personal expenses  —  NEW