https://www.newsbreak.com/californi...ilicon-valley-developer-of-scamming-investors SEC complaint: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-329.pdf According to the SEC complaint, SiliconSage promised returns of 15-23% but in reality, the businesses was losing money and was unable to pay investors. Classic Ponzi scheme. Line 79 in the complaint: "In order to conceal the unprofitability of the projects and to continue raising money, and contrary to its stated purpose, Defendants used the Bridge Fund to pay the monthly interest payments to Bridge Fund investors with funds raised from other investors."