Reported: Linqto (Company)
Compiled by ScamMarketCap from public recordsHappened Sep 2, 2026United States
Linqto, a San Jose, California platform, sold ordinary investors stakes in private companies expected to go public. Prosecutors allege that from 2020 to 2025 founder William Sarris told customers they were paying "market" prices while Linqto manufactured false scarcity and charged markups that sometimes exceeded 200%, and that in January 2025 he sold shares allocated to customers without telling them. Linqto filed for bankruptcy in July 2025, after drawing in more than $450 million from more than 13,000 customers, according to the indictment.
Sarris, 75, was arrested on September 2, 2026, on securities fraud, broker-dealer fraud, wire fraud and conspiracy charges. His lawyer said he is innocent. Joseph Endoso, who succeeded him as chief executive, pleaded guilty on August 27, 2026, and is cooperating. On October 9, 2026, the SEC sued both men. A Texas bankruptcy judge later approved a plan letting customers choose between a stake in a liquidating fund and a closed-end fund holding private shares.
This case file is compiled from public records and established reporting. Status as of the last update, Nov 3, 2026.
Case files summarize court records, regulator actions and established reporting.
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