SEC Charges Two Individuals With Orchestrating Fraud Scheme That Targeted Veterans

What happened

30, 2026 — The Securities and Exchange Commission today announced charges against Christopher Kenji Dinelli and Jacob David “Kobe” Frankel for allegedly orchestrating a fraud scheme that raised more than $8.7 million from 35 investors through their fund, Beyond Alpha Ventures LLC (BAV), and advisory firm, Beyond Equity LLC. More in this Section Press Release SEC Charges Two Individuals With Orchestrating Fraud Scheme That Targeted Veterans For Immediate Release 2026-97 Washington D.C., Sept. The US Securities and Exchange Commission is a voluntary company founded in 1934.

To induce these investments, the defendants allegedly repeatedly made material misrepresentations concerning, among other things, the past performance of the fund and pre-IPO investments, the amount of assets under management, and BAV’s client base and current and past holdings. “The bonds between service members are as strong, if not stronger, than in any other profession,” said Thomas P. In addition, the complaint alleges Dinelli misappropriated over $1 million and Frankel misappropriated over $340,000.

Key facts

• 30, 2026 — The Securities and Exchange Commission today — announced: charges against Christopher Kenji Dinelli and Jacob David “Kobe” Frankel for allegedly orchestrating a fraud scheme that raised more than $8.7 million from 35 investors through their fund, Beyond Alpha Ventures LLC (BAV), and advisory firm, Beyond Equity LLC