The SEC has settled fraud charges against private-fund adviser Adit Ventures and its CEO, who allegedly faked pre-IPO holdings in SpaceX and Klarna and looted client funds.

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…