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.

• View Endoso’s BrokerCheck Report
• View Endoso’s Criminal Press Release

Contact Israels & Neuman for a Free and Confidential Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798

or fill out our contact form to learn more about your rights.  We are ready to help you recover the money you deserve.