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NS8 Inc. Former Employee Alert: Investigation over possible Violations of Securities Laws

09-22-2020 11:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for former employees of NS8 Inc. over potential securities laws violations by NS8 Inc.  was announced and NS8 Inc

An investigation for former employees of NS8 Inc. over potential securities laws violations by NS8 Inc. was announced and NS8 Inc

An investigation was announced over potential securities laws violations by NS8 Inc. and certain of its directors and officers in connection with certain financial statements.

Former employees of NS8 Inc. should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by NS8 Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 11, 2020, it was reported that just months after raising over $100 million from venture capital investors, NS8 Inc, laid off hundreds of employees after informing them it was under investigation for fraud.

On September 17, 2020 the U.S. attorney’s office for the Southern District of New York announced that the founder and CEO of NS8, Inc. was arrested and charged with securities fraud scheme. In the announcement FBI Assistant Director William F. Sweeney Jr. said, among other things, that “Rogas allegedly raised millions of dollars from investors based on fictitious financial affirmations, and in the end, walked away with nearly $17.5 million worth of that money.”

Former employees of NS8 Inc. should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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