Overview
- A federal grand jury in the Northern District of California charged the Get Together CEO with wire fraud, securities fraud, and obstruction tied to IRL’s 2021 Series C that raised $170 million at a valuation over $1 billion.
- According to court filings, he told investors IRL spent about $50,000 per month on advertising while directing millions to incentive ads that paid users to install the app.
- Prosecutors allege he hid the spending by routing invoices through a third party, reclassifying costs as “infra,” deleting phone records, and instructing employees to lie during regulatory scrutiny.
- The indictment also claims investor funds covered luxury hotels, high‑end clothing, home furnishings, art classes, and hundreds of thousands of dollars related to his wedding, including guests’ airfare and hotels.
- The FBI is investigating, the U.S. Attorney’s Office and DOJ Fraud Section are prosecuting, he faces up to 20 years per count if convicted, and he remains presumed innocent.