The founder and CEO of Destiny Robotics Corp. will pay more than $64,000 to the Securities and Exchange Commission after allegedly making material misrepresentations to investors about its humanoid robot and hologram assistant products.
Megi Kavtaradze will pay a $50,000 civil penalty, nearly $13,000 for the profits she earned through alleged misrepresentations, and roughly $1,400 in interest as a part of a final judgment with the SEC, according to Judge K. Michael Moore‘s Thursday order concerning her in the US District Court for the Southern District of Florida. While neither Kavtaradze nor Destiny Robotics admitted to or denied the ...
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