Technology startup NDB Inc. and its CEO raised more than $1.2 million from 68 investors after announcing a purported proof-of-concept breakthrough on a nuclear-based battery, the SEC says in a new enforcement action.
CEO Nima Golsharifi “claimed that NDB’s purpose was to develop and manufacture a self-charging nuclear-based battery that would be enclosed in a diamond-like carbon structure,” the Securities and Exchange Commission says. It filed its complaint Thursday in the US District Court for the Northern District of California.
The Aug. 25, 2020, press release claimed the battery had achieved a 40% charge in tests at two major laboratories, ...
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