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Financial Advisor Joseph Endoso Faces Up to 20 Years in Prison for Fraud
Did you invest in pre-IPO shares with Joseph Endoso, at Linqto? The FINRA arbitration law firm of Israels & Neuman is looking into allegations involving Joseph Endoso, from Ross, California, who was previously licensed with Linqto Capital, Enverra Capital, and Rainmaker Securities.
Allegations Against Joseph Endoso and Linqto’s Founder, William Sarris
The U.S. Attorney’s Office for the Southern District of New York filed a press release regarding Joseph Endoso, who pleaded guilty in connection with his participation in a fraudulent scheme at Linqto. Joseph Endoso and founder, William Sarris were alleged to have engaged in fraud in the sales of pre-IPO shares. Linqto was alleged to have “marketed itself as a way for ordinary investors to invest in private companies expected to eventually offer securities on a public exchange but whose stock, in the meantime, did not have readily identifiable prices. William Sarris abused his informational advantage over his customers: he manufactured false scarcity to drive up prices, he manipulated Linqto’s pricing model to maximize revenue while telling customers that they were buying at “market” prices, and he pushed markups far beyond what his own lawyers repeatedly warned him was lawful”.
Joseph Endoso pled guilty to one-count of broker-dealer fraud and one count of securities fraud. He faces up to 20 years in prison. Additionally, the Securities and Exchange Commission filed a civil case against Endoso and Sarris. The conduct allegedly happened between 2021 and 2024.
Background on Joseph Endoso
Joseph Endoso had been licensed with Enverra Capital from 2014 to February 2023. He was also with Rainmaker Securities from November 2020 to January 2023. He lived in Ross, California and was listed as the President of Linqto Capital.
Can Enverra Capital Be Responsible for Endoso’s Conduct?
Under FINRA Rule 3110, broker-dealers like Enverra Capital must reasonably supervise the activity of its advisors. Enverra Capital could be responsible for its customers’ losses if it failed to reasonably supervise him.
Israels & Neuman Helps Victims of Investment and Securities Fraud Nationwide
We represent investors throughout the United States, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you invested in Linqto through Joseph Endoso and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.