Industry Jun 12, 2026

Napster Investor Accused of Fraud

In short

Fifty-seven-year-old Charles Cole is accused of conning Napster out of a nearly 25% ownership stake.

Originally published by Billboard
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Napster Investor Accused of Fraud

The Department of Justice and the Securities and Exchange Commission have charged Charles Cole, 57, with fraud related to his investment in Napster. Cole is accused of deceiving the music platform and securing a nearly 25% ownership stake through fraudulent means. Originally reported by Billboard.