Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
- Posted on October 1, 2026
- By Fortune
- 1 Views
- 1 min read
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Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
One fund manager allegedly paid his 4 a.m. strip club bill from fund capital after his card was declined.
