The founder of a social media advertising startup and her company agreed to settle SEC charges alleging they raised $2.8 million from over 1,000 investors through false statements about revenue and fake investor commitments, including forging a prospective investor’s signature on a term sheet.
Tiffany Kelly and Curastory Inc. violated federal securities laws by making materially false statements from December 2020 through February 2024 about the company’s financial performance, according to the Securities and Exchange Commission’s complaint filed Monday in the US District Court for the Eastern District of New York.
Kelly agreed to pay a $125,000 civil penalty and ...
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