Ramsey's initiative targets the 'fake it til you make it' culture that has led to notable pre-IPO frauds, undermining the credibility of both public and private financial markets.
Ramsey, who ascended to the role of U.S. attorney for the Northern District of California, emphasized the strategic position of his office to tackle deceit among startups that mislead investors about crucial aspects such as customer reach, revenue, and product readiness on their path to Initial Public Offerings, also called IPOs.
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