Founder of an anti-fraud company convicted of fraud in New York

New York, Nov 3 (EFE) .- NS8 founder Adam Rogas, a cyber fraud prevention company, was sentenced to 5 years in prison for defrauding his clients $ 128 million, the prosecutor said Thursday. of the South From New York.

According to a statement, Rogas, co-founder and chief executive of NS8, pleaded guilty last March to a $ 17.5 million fraud.

The prosecutor points out that while his company claimed to be dedicated to fraud prevention, the convicted man falsified almost all of the company’s customers, income and assets to deceive investors.

NS8, headquartered in Las Vegas, Nevada, was engaged in the development and sale of electronic tools to help online providers assess customer transaction fraud risks.

The investigation revealed that Rogas, 45, embarked on a fundraising campaign in the fall of 2019 and spring 2020 through the alleged issue of preferred shares, with which he obtained about 123 million.

Rogas allegedly showed potential investors fake bank accounts for profits and bank balances of tens of millions of dollars.

In addition to the five-year prison term, the entrepreneur will have to pay 17.5 million dollars and will have to spend another three years of probation.

“Adams Rogas took the saying by pretending that you are doing it until you reach the extreme criminal,” said Southern New York District Attorney Damian Williams. EFE

jfu / fjo / at

� EFE 2022. The redistribution and redistribution of all or part of the contents of the EFE services is expressly prohibited, without the prior and express consent of Agencia EFE SA