CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
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Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#2Ex-employee here. Adam Rogas is a pathological liar and sociopath who dragged this out for years. I don't know how multiple audits failed to raise red flags over multiple $999,999.99 fake Stripe payouts. He literally inserted millions every few lines that didn't match up with the data around it. They never asked anyone else to produce the same report. Everyone involved should never be responsible for this amount of money again (looking at you, Lightspeed).
If your CEO is actively siloing all financial and customer information, your entire company needs to speak up and get on the same page. Don't let this happen to you.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#3I feel sorry for any CEO who actually steps down to spend more time with his/her family. That explanation has now more or less been completely co-opted by "Our CEO got caught in an embarrassing scandal and they need to fade from the public eye for a bit." I now assume that anyone who gives that reason on their way out must have done something terrible that is yet or about to come to light.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#4Same thing the former CEO of HeadSpin has reportedly done.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#5Sounds like a witch hunt. Big corpo tries to get rid of competitor. And once again government destroyed someones life. Now that he cannot do his part anymore its so easy to proof he deceived investors because well he doesn’t have any numbers to show si yeah he was lying. And besides, who didn’t flex a slide or two to show future numbers how they hoped it will look instead of honest truth. If thats the case then DOJ has to come and knock at door of every Hacker News user, or any IT person in that matter.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#6Ex-employee here. Adam Rogas is a pathological liar and sociopath who dragged this out for years. I don't know how multiple audits failed to raise red flags over multiple $999,999.99 fake Stripe payouts. He literally inserted millions every few lines that didn't match up with the data around it. They never asked anyone else to produce the same report. Everyone involved should never be responsible for this amount of m…
Why did you choose not to blow the whistle?
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#7Ex-employee here. Adam Rogas is a pathological liar and sociopath who dragged this out for years. I don't know how multiple audits failed to raise red flags over multiple $999,999.99 fake Stripe payouts. He literally inserted millions every few lines that didn't match up with the data around it. They never asked anyone else to produce the same report. Everyone involved should never be responsible for this amount of m…
Why did you choose not to blow the whistle?
I didn't have all the information that's coming out now. People tried. Read the article. The last investment was finalized days after someone raised concerns after realizing we didn't contact 70% of our customers.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#8Sounds like a witch hunt. Big corpo tries to get rid of competitor. And once again government destroyed someones life. Now that he cannot do his part anymore its so easy to proof he deceived investors because well he doesn’t have any numbers to show si yeah he was lying. And besides, who didn’t flex a slide or two to show future numbers how they hoped it will look instead of honest truth. If thats the case then DOJ h…
This is simply not the case. Adam lied to everyone's face for years. Read the documents and financial statements if you think this is just a little "flex" every couple of slides.
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#9Sounds like a witch hunt. Big corpo tries to get rid of competitor. And once again government destroyed someones life. Now that he cannot do his part anymore its so easy to proof he deceived investors because well he doesn’t have any numbers to show si yeah he was lying. And besides, who didn’t flex a slide or two to show future numbers how they hoped it will look instead of honest truth. If thats the case then DOJ h…
Citation(s) needed
Re: CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
#10Sounds like a witch hunt. Big corpo tries to get rid of competitor. And once again government destroyed someones life. Now that he cannot do his part anymore its so easy to proof he deceived investors because well he doesn’t have any numbers to show si yeah he was lying. And besides, who didn’t flex a slide or two to show future numbers how they hoped it will look instead of honest truth. If thats the case then DOJ h…
Take your libertarian dreams to international waters. Regulation exists to create opportunity, not destroy it. Unless you have facts to back up your claims, don't spread misinformation.