Accredited Investor Hang-Up
Hello everyone,
I fucked up and I am very disappointed. I want to make this short as possible but I invested in a crowd-funded start-up 6 years ago that has now raised VC rounds and has become acquired by another company. When going over the countless documentation to certify the merger as a shareholder, a questionnaire popped up asking if I was an accredited investor. Because I don’t meet the income or net-worth requirement nor have the qualifications, I checked no. I now found out that I could have lied, as the acquiring company will only verify if they have reason to believe that I am not an accredited investor and that the document seems to remove their liability. In short, I am just getting my money returned after 6 years and won’t be able to realize a huge gain if the acquiring company goes public, as they intend to do. Could I really lie and get away with it? It seems as though I could as long as I had no intention of bringing legal action after the fact. Anyone have any experience with this? TYVM.
Submitted October 05, 2022 at 12:50AM by mega__01 https://ift.tt/eymiMG0
