Home » Lifestyle » Cyberfraud prevention firm's CEO charged with conning investors
Cyberfraud prevention firm's CEO charged with conning investors
Fox Business Flash top headlines for September 17
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
The founder and former CEO of a cyberfraud prevention company has been charged with swindling investors out of tens of millions of dollars.
Continue Reading Below
NS8 Inc.'s former leader, Adam Rogas, was arrested on Thursday. Federal authorities say he used fraudulent financial data to obtain more than $123 million in financing for the company in a scheme in which he personally gained $17.5 million.
MICROSOFT DETECTS NEW CYBERATTACKS TARGETING 2020 ELECTION
Rogas was a co-founder of the Vegas-based company, which developed and sold electronic tools to help online vendors assess the fraud risks of customer transactions. He also served as its CEO, CFO and a member of its board and was "primarily responsible" for the company’s fundraising activities, court documents show.