Online fraud prevention biz fails to prevent CEO's alleged offline fraud

Online fraud prevention biz fails to prevent CEO's alleged offline fraud

The Feds on Thursday charged the head of a cyber-fraud prevention company with fraud in a complaint unsealed in a New York City court.


The legal filing accuses Adam Rogas, 43, co-founder and former CEO, CFO, and member of the board of directors of Las Vegas-based NS8, of securities fraud and wire fraud: it is claimed he altered bank statements and used falsified records to raise funds.


FBI Assistant Director William F. Sweeney Jr. did not miss the incongruity of the situation.



It seems ironic that the co-founder of a company designed to prevent online fraud would engage in fraudulent activity



“It seems ironic that the co-founder of a company designed to prevent online fraud would engage in fraudulent activity himself, but today that’s exactly what we allege Adam Rogas did," Sweeney said in online fraud prevention fails prevent alleged offline fraud