Deaton Joins Linqto Creditors Panel to Maximize Retail Recovery Amid Fraud Case

Key Points

1. John Deaton is working to maximize recovery for retail investors in the Linqto bankruptcy case, bypassing corporate assets to focus on the founder's personal liability.

2. A class action lawsuit alleges that Linqto's founder, Sarris, engaged in unreported markups of up to 60% and ignored legal warnings about regulatory violations.

3. Linqto filed for Chapter 11 bankruptcy while under investigation by the SEC and FINRA, with concerns raised about customer ownership of assets on the platform.

4. Sapien Group, representing 52% of Linqto shareholders, is challenging the bankruptcy proceedings to preserve value for shareholders and pursue individual liability claims.

5. The dual strategy involves both bankruptcy proceedings and personal liability lawsuits to recover funds for affected investors.