The SEC alleged that the investment adviser had used "false claims and promises" to solicit investments in Adit-managed funds and used client money for the firm's own benefit, including by taking unsecured loans on favorable terms without disclosure to clients.

The SEC has charged Adit Ventures Management and CEO Eric Munson with defrauding investors and misappropriating client assets at the venture

Aug 10 : The U.S. Securities and Exchange Commission on Monday brought settled charges of fraud against Adit Ventures Management, its founder and three partners in connection with…