CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme

The chief executive of cyber fraud prevention company NS8 has been arrested and charged for defrauding the firm’s own investors.

Adam Rogas was arrested in Las Vegas, Nevada, the US Department of Justice (DoJ) and US Securities and Exchange Commission (SEC) said on Thursday.

The 43-year-old is the co-founder and CEO of startup NS8, an organization that touts an intelligence-driven platform for detecting fraud. However, according to US prosecutors, fraud has been taking place at the top level for some time.

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Source: ZDNet