⁍ The former CEO of cyberfraud prevention company NS8 was arrested on Thursday on charges of inflating the company’s revenue and assets to solicit $123 million in investments.
⁍ Manhattan federal prosecutors charged CEO, Adam Rogas, 43, with doctoring NS8’s bank statements to inflate revenues by tens of millions of dollars.
– The former CEO of NS8 was arrested on Thursday on charges of inflating the company’s revenue and assets to solicit $123 million in investments, Westlaw Today reports. Adam Rogas, 43, of Las Vegas, was charged with doctoring NS8’s bank statements to inflate revenues by tens of millions of dollars and providing the false information to investors starting last year. According to the New York Daily News, NS8 is a cyberfraud prevention company.
Source: https://www.reuters.com/article/securities-ns8-ceo/ex-ceo-of-online-security-startup-charged-with-defrauding-investors-idUSL1N2GE2KS