Collaborate Disseminate
By Deeba Ahmed
NS8’s ex-CEO Adam Rogas is charged with securities fraud, wire fraud, and fraud in the offer and sale of securities. The Southern District of New York’s Acting US Attorney, Audrey Strauss, and the FBI’s New York Field O… Continue reading FBI arrests cyber fraud prevention startup NS8’s CEO for fraud
The co-founder of a cyber fraud prevention company was arrested Thursday and charged with leading an alleged scheme to trick investors into sinking hundreds of millions of dollars into the startup, the Department of Justice and the Securities and Exchange Commission (SEC) announced Thursday. Investors were shown falsified financial documents as part of the pitch for the software-as-a-service provider, Las Vegas-based NS8, the SEC and FBI said. Adam Rogas, the co-founder and former CEO of the startup, touted bank statements showing payments from NS8 customers that never happened, according to the SEC. “As alleged in our complaint, Rogas falsely presented NS8 as a successful business by fabricating revenue figures and providing them to investors,” said Kurt L. Gottschall, Director of the SEC’s Denver Regional Office. “Investors are entitled to accurate information about a company’s financial condition and the SEC is committed to holding accountable corporate executives who deceive investors.” Rogas is also alleged to have pocketed at least […]
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Continue reading Co-founder of cyber fraud prevention startup arrested for alleged fraud
Digital Element, the global geolocation data and services provider, announced that NS8, a fast-growing ecommerce SaaS company that combats online fraud, will incorporate a number of its NetAcuity datasets to enhance risk-assessment solutions for online… Continue reading NS8 strengthens risk-assessment solution by adding Digital Element’s NetAcuity datasets