The virtual concert startup company Wave is on-the-rise, and just announced support from various celebrities, garnering $30 million in series B funding. According to The Hollywood Reporter, the funding was led by Maveron with participation from Griffin Gaming Partners, Scooter Bruan, Alex Rodriquez, Superfly co-founder Rick Farman, and Twitch... Read more
Hologram Firm Faces Charges For Misleading Investors
Legal September 30, 2019
Hologram USA Networks faces charges for misleading investors for various holographic concerts displaying late artists like Tupac Shakur, Whitney Houston, and Roy Orbison. According to Law360, Hologram USA Networks CEO Alki David sold $100,000 worth of unregistered shared ahead of an aborted IPO and misled investors about having rights... Read more
A man and his company are accused of using $3 million from nearly 150 investors, which he said was meant to promote Christian music concerts and festivals, to pay off personal debts. Jeffrey E. Wall of Freeport, Maine and his business, The Lighthouse Events LLC, are the center of... Read more
Entrapreneur Billy McFarland, the infamous leader behind 2017’s failed Fyre Festival, has been ordered to pay back $3 million to an investor who sponsored the event. Earlier this week, New York County Judge Joel H. Cohen handed out a default judgement in favor of EHL Funding, the defrauded investor,... Read more
A California poker pro, who pled guilty to running a ticket scheme and scamming investors out of more than $6 million in Super Bowl and World Cup tickets, was sentenced to 18 months in prison on Wednesday. The 47-year-old from Aliso Viejo, Seyed Reza Ali Fazeli, ran a ticket... Read more
A pair of investors, who hold a large stake in eBay, urged the company to either sell or spin-off StubHub and its classifieds unit in order to shift focus onto its Marketplace. New York investors Elliot Management Corp. and Starboard Value LP called on eBay to cut ties with... Read more
