The Securities and Exchange Commission has detailed alleged fraud cases involving Meyer Global Management LLC and Beyond Alpha Ventures, as demand for pre-IPO shares in high-profile technology companies grows. In the Meyer case, the SEC charged the firm and CEO Owen E.H. Meyer, alleging that client assets were misused, account values were overstated and investors were denied proceeds unless they signed releases accepting less than they were owed. The agency said an MGM-managed fund forfeited a nearly $3 million SpaceX investment after repeated capital-call deficiencies, and that at least $1.27 million was used for Meyer’s lifestyle, personal investments and investments for other MGM-advised firms. In a separate case, the SEC charged two Beyond Alpha partners with defrauding 35 investors of more than $8.7 million. They allegedly marketed a trading fund with 153% net returns and pre-IPO interests in Kraken and SandboxAQ, while the trading fund lost money in 13 of 14 months and less than half of nearly $6 million raised for pre-IPO deals was invested in them. The SEC also described alleged spending on options trades, Bloomingdale’s, Amazon and a strip club, underscoring the risks retail investors face when seeking access to private-company shares. One Beyond Alpha partner called the allegations completely false; the other partner and Meyer did not respond to requests for comment.