Tech Ceo Charged With Fraud Over Security Reliability Claims Wsj The justice department indicted the chief executive of a data center company wednesday over an allegedly fake data center audit used to win business with the u.s. securities and exchange. Now, shafi faces obstruction of justice, securities fraud, and wire fraud felony charges, along with civil charges from the securities & exchange commission. authorities allege investors.
Cybersecurity Latest News Research And Analysis Wsj According to the indictment, deepak jain, 49, of potomac, was the ceo of an information technology services company (referred to in the indictment as company a) that provided data center services to customers, including the sec. The indictment, returned yesterday, accuses jain of masterminding an elaborate scheme to deceive the sec into believing that his company’s data center met the highest standards of reliability, availability, and security, when in reality, it did not. A tech ceo has been charged with fraud over alleged false claims regarding the security and reliability of their company's services. The chief executive of a us it services company has been indicted for fraud amid accusations that he lied about the reliability, availability, and security of his firm's data center.
Cybersecurity Latest News Research And Analysis Wsj A tech ceo has been charged with fraud over alleged false claims regarding the security and reliability of their company's services. The chief executive of a us it services company has been indicted for fraud amid accusations that he lied about the reliability, availability, and security of his firm's data center. An it company boss has been indicted for fraud after allegedly falsifying statements about the security of his firm’s data center to land contracts worth $10.7 million with us financial regulator the securities and exchange commission (sec). Federal prosecutors have charged albert saniger, the founder and former ceo of ecommerce startup nate, with securities fraud and wire fraud. prosecutors allege he misled investors by falsely claiming the company’s powered its app with proprietary artificial intelligence. The wall street journal is reporting that the ceo of a still unnamed company has been indicted for creating a fake auditing company to falsify security certifications in order to win government business. "jain allegedly sought to enrich himself and his company at the expense of the reliability, availability, and security of the sec's electronic data," head of the doj's criminal division nicole m argentieri said of the case.
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