NS8’s Defrauded Investors to Get $38 Million Under Approved Plan

Former cyber fraud prevention company NS8 Inc. will liquidate in bankruptcy after getting court approval of its plan to pay a total of at least $38 million to defrauded investors.

The Las Vegas-based company now known as Cyber Litigation Inc. has or will recover the money via asset sales and litigation, according to court filings. The amount falls short of the nearly $136 million that investors put into NS8 before former CEO Adam Rogas was arrested on federal securities and wire fraud charges in September 2020.

NS8’s plan, approved Friday by U.S. Bankruptcy Judge Craig T. Goldblatt, also provides ...