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Home Seeking Victim Information in Late Stage Management, Prior2IPO, and Related Entities ("LSM") Investigation...

Seeking Victim Information in Late Stage Management, Prior2IPO, and Related Entities ("LSM") Investigation

FBI's New York Field Office, Long Island Resident Agency, is seeking to identify potential victims of Late Stage Management, Prior2IPO, and related entities ("LSM").

Raymond Pirrello, Jr, a principal and operator of Prior2IPO, is being charged with conspiracy securities fraud, conspiracy wire fraud, and securities fraud.

According to the indictment against Pirrello, beginning in at least 2016 and continuing through May 2022, LSM sold and promoted pre-IPO stock to investors. When purchasing pre-IPO stock from these entities it is alleged that it was not disclosed to investors that funds from their investments were diverted to pay these entities and individuals working at these entities. LSM claimed to investors that they are not compensated with any fees or payments upfront. LSM claimed that they would only take a 20 percent fee on the back end, which was paid in stock once the stock went public. It is alleged that investors were led to believe that the entire amount of their investment would be used for purchasing stock. Instead, investor funds were allegedly used to pay LSM’s business expenses, compensate LSM’s client managers and employees, and fund Pirrello’s lifestyle.

If you and/or your minor dependent(s) were victimized by Pirrello or have information relevant to this investigation, please fill out this short form.

If you know of someone else who has possibly been victimized by Pirrello, please encourage them to complete the form themselves.

The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law. Your responses are voluntary but may be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, you may be contacted by the FBI and asked to provide additional information. All identities of victims will be kept confidential.


Contact Information

Date of Birth
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Questionnaire

2. Did you speak to a firm who referred you to LSM?


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6. What, if any, fees were you told you would have to pay in connection with your investment?



7. If you did pay a fee, were your fees paid with:


8. Have you received shares from LSM?


Privacy Act Statement

The FBI is authorized to collect the information on this form by one or more of the following provisions: Title 28, United States Code, sections 533 and 534; Title 28, Code of Federal Regulations, section 0.85; and the Attorney General Guidelines for Victim and Witness Assistance. The information requested will assist the FBI in providing you with assistance to which crime victims are entitled under federal law. You do not have to provide the requested information; however, failure to do so may hinder the FBI in providing you with crime victim assistance. The information collected on this form is protected by the Privacy Act of 1974, as amended, Title 5, United States Code section 552a, and is maintained in the FBI’s Central Records System, DOJ/FBI-002, a description of which was published in the Federal Register at 63 Fed. Reg. 8671 (Feb. 20, 1998) and which may be viewed at www.justice.gov/opcl/doj-systems-records#doj