Taking advantage of investor interest in pre-IPO shares that are virtually impossible for company outsiders to obtain, Mattera and others solicited funds and gave investors a false sense of comfort that their money was protected by telling them that an escrow service was receiving their funds. They falsely claimed that the fund and affiliated Praetorian entities owned shares worth tens of millions of dollars in privately-held companies that were expected to soon hold an initial public offering (IPO) including Facebook, Groupon, and others. Mattera and several other individuals carried out the scam using a newly-minted hedge fund named The Praetorian Global Fund. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.The SEC alleges that Florida resident John A. A winner of the American Political Science Association’s Hubert H. His most recent books are The Practice of Liberal Pluralism (Cambridge, 2004), Public Matters (Rowman & Littlefield, 2005), and Anti-Pluralism: The Populist Threat to Liberal Democracy (Yale, 2018). Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Before joining Brookings in January 2006, he was Saul Stern Professor and Acting Dean at the School of Public Policy, University of Maryland, director of the Institute for Philosophy and Public Policy, founding director of the Center for Information and Research on Civic Learning and Engagement (CIRCLE), and executive director of the National Commission on Civic Renewal. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. Galston writes the weekly Politics & Ideas column in the Wall Street Journal.
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