Headaches Pile Up for 26 Capital�s Founder Amid Fraud Allegations and SPAC Deal Collapse

Jason-ader08 Aug, 2024News

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader of fraudulently inducing it into backing his SPAC because he was under pressure to return $16 million to his mother, Financial Times reports. Rimu Capital alleges Ader pocketed the $25 million it had invested in the SPAC to use for his ?own personal purposes?, according to a filing made last month in the Southern District of New York. Ader?s mother had hired lawyers to help dispose of a $16 million stake in SpringOwl, her son?s investment firm, the filing states.