Fraud Prevention Firm Goes Bankrupt After CEO Charged With Fraud

Cyberfraud prevention firm NS8 Inc. filed for Chapter 11 bankruptcy on Tuesday, listing assets of at least $10 million and liabilities of at least $100 million.

• NS8’s founder and former CEO Adam Rogas was charged with fraud in September by federal prosecutors, who accused him of faking company financial statements and misleading investors to raise more than $100 million
  • NS8 said in a Sept. 17 statement that the situation caused “significant cash flow issues for the company” and that no one other than Rogas, who is no longer CEO, has been charged
• READ MORE: Fraud Prevention CEO Is Charged With Fraud for Fake Sales
• The bankruptcy case is NS8 Inc., 20-12702, U.S. Bankruptcy Court for the District of Delaware.

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Jeremy Hill in New York at jhill273@bloomberg.net

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Rick Green at rgreen18@bloomberg.net

Claire Boston

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