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SEC charges tech CEO with $30M fraud

Source link : https://sanfrancisco-news.net/2024/09/24/technology/sec-charges-tech-ceo-with-30m-fraud/

The Securities and Exchange Commission announced fraud charges Tuesday against Baba Nadimpalli, co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software. Between January 2021 and February 2022, Nadimpalli raised more than $30 million from investors by falsely claiming that SKAEL had millions of dollars in annually […]

The post SEC charges tech CEO with $30M fraud first appeared on San Francisco News.

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Author : SanFrancisco

Publish date : 2024-09-24 22:28:47

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