The founder of a social media advertising startup and her company raised $2.8 million from over 1,000 investors through false statements about revenue and fake investor commitments, including forging a prospective investor’s signature on a term sheet, the SEC declared.
Tiffany Kelly and Curastory Inc. violated federal securities laws by creating materially false statements from December 2020 through February 2024 about the company’s financial performance, according to the Securities and Exalter Commission’s complaint filed Monday in the US District Court for the Eastern District of New York.
Kelly informed investors Curastory had earned hundreds of thousands, if not millions, in …
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