Michael Liberty, the founder of unicorn fintech startup Mozido Inc., has been charged by the Securities and Exchange Commission with a scheme to defraud investors. The SEC alleges Liberty and others, including his with Brittany Liberty and attorney George Marcus, tricked "hundreds of investors" in his shell companies, then stole most of the more than $48 million that was raised. The shell companies, which were controlled by Liberty, were supposedly transferrable interests in Mozido. "In reality, the shell companies either did not own or were not permitted to transfer interests in the company," the SEC said. Mozido's top investors include Julian Robertson, founder of famed hedge fund Tiger Management and Mastercard Inc. MA, -2.03% according to FactSet. As of February 2018, Mozido was valued at $2.4 billion, according to The Wall Street Journal's list of billion dollar startups.