( December 7, 2022, 22:43 GMT | Official Statement) -- MLex Summary: US venture capital firm Vika Ventures was charged by the US Securities and Exchange Commission with fraudulently offering and selling more than $6 million in shares of private companies that might hold an initial public offering. The firm and its chief executive, co-founder George Iakovou, didn’t own the shares and never acquired them – using investor funds for himself, the SEC alleged. Iakovou and his co-founder and girlfriend, Penelope Zbravos, were criminally charged on related offenses in a federal indictment unsealed today.See SEC and Justice Department statements below....
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