The U.S. SEC has filed a lawsuit against NovaTech and its co-founders for allegedly defrauding investors of over $650 million. The Petions reportedly misled investors about the safety of their funds and used new investments to repay earlier ones. The SEC aims to seek restitution and civil fines.
from Tech-Economic Times https://ift.tt/iGlWJ34
Subscribe to:
Post Comments (Atom)
Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know
The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 1...
-
AmpereHour Energy raised $5 million from Avaana Capital and UC Impower to expand manufacturing, R&D, and product development. The startu...
-
iCOPS will deliver a unified management experience across hybrid and multi-cloud operations with a focus on enhancing compliance and securit...
No comments:
Post a Comment