Napster’s $3 Billion Investor Was a Fake, DOJ and SEC Allege in… | HappeningNow.news

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Napster’s $3 Billion Investor Was a Fake, DOJ and SEC Allege in Fraud Charges

Fifty-seven-year-old Charles Cole is accused of conning Napster out of a nearly 25% ownership stake.

Source Summary Published June 12, 2026 Brief Under 1 min brief
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Summary

Fifty-seven-year-old Charles Cole is accused of conning Napster out of a nearly 25% ownership stake. U.S. authorities have accused a North Carolina man of conning Napster out of a massive ownership stake by falsely pledging $3.36 billion he never had.

Read original at Billboard

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