Investment Manager Charged in Anduril Scam
Update: 2025-12-18
Description
New York investment manager Giovanni Pennetta faces securities fraud, wire fraud, and aggravated identity theft charges for allegedly defrauding investors out of millions. He promised exclusive access to Anduril Industries shares, despite having no connection. This case highlights the growing risk of fraud in the private tech sector, with investors targeted by scams involving prominent companies like OpenAI, SpaceX, and Anduril. Experts warn of the challenges investors face due to the lack of public scrutiny and transparency in the private space.
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