Linqto founder and former CEO William Sarris was charged with six criminal fraud counts over an alleged $450 million scheme involving investments in private companies such as Anthropic, Ripple and SpaceX. Prosecutors accuse Sarris of falsely presenting prices as market-based, manufacturing scarcity and imposing markups that sometimes exceeded 200% to increase the value of his Linqto stake. Joseph Endoso, who succeeded Sarris as CEO after serving as president, pleaded guilty to securities fraud, broker-dealer fraud and conspiracy and is cooperating with prosecutors. Linqto filed for Chapter 11 bankruptcy protection in July 2025 after suspending operations, and a Texas bankruptcy judge later approved a reorganization plan offering customers stakes in either a liquidating fund or a closed-end fund holding private shares. Sarris denies the charges and plans to fight them.