StraightPath Stock-Sale Fraud: Founders Convicted in $400M Pre-IPO Investment Scheme

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Legal Representation and Next Steps

  • Michael Castillero was represented by Daniel McGuinness of the Law Offices of Daniel A. McGuinness PC and Tess Cohen of ZMO Law PLLC.

  • Francine Lanaia was represented by Benjamin Allee and Madison Powers of Yankwitt LLP.

  • Brian Martinsen was represented by Kevin Keating of the Law Offices of Kevin J. Keating and Matthew Brissenden of Matthew W. Brissenden PC.

The government’s case was led by Adam Hobson, Matthew Shahabian, and Allison Nichols from the U.S. Attorney’s Office for the Southern District of New York.

A Cautionary Tale of Greed and Deception

The StraightPath Stock-Sale Fraud conviction marks a significant victory for regulators cracking down on deceptive pre-IPO investment schemes.

Once hailed as a gateway for small investors to access Silicon Valley’s biggest startups, StraightPath has now become a cautionary tale — a stark reminder that in the pursuit of financial opportunity, even a “path” that looks straight can hide dangerous turns.

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