Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC allegesWorldPing
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What happened

One fund manager allegedly paid his 4 a.m. strip club bill from fund capital after his card was declined.

Key facts

  • One fund manager allegedly paid his 4 a.m. strip club bill from fund capital after his card was declined.
  • Reported by Fortune and published Thu, 01 Oct 2026 00:12:55 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low

  2. Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

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