By
Kyle Brasseur2022-12-01T21:11:00
The former chief executive officer of cyber-fraud prevention company NS8 now faces charges of impeding and retaliating against a whistleblower following an amended complaint from the Securities and Exchange Commission (SEC).
Adam Rogas, a co-founder of NS8 who also served as the company’s former chief financial officer, was sentenced to five years in prison last month by a federal judge after pleading guilty to defrauding investors of more than $100 million. He was ordered to forfeit more than $17.5 million.
Despite the steep penalties, Rogas still faces potential discipline from the SEC, which also accused him of fraud in a complaint filed in September 2020.
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2023-03-17T18:05:00Z By Aaron Nicodemus
Sens. Chuck Grassley (R-Iowa) and Elizabeth Warren (D-Mass.) revived a whistleblower protection bill aimed at shielding whistleblowers from retaliation and cutting down on the time it takes to receive an award from the Securities and Exchange Commission.
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The co-founder of NS8, a cyber-fraud prevention company, was sentenced to five years in prison and ordered to forfeit $17.5 million for defrauding investors of more than $100 million, the Department of Justice announced.
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David Hansen, co-founder of Las Vegas-based software company NS8, agreed to pay $97,523 to settle charges from the Securities and Exchange Commission that he impeded a whistleblower’s attempt to communicate with the agency about a securities law violation.
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