Amid layoffs and allegations of fraud, the FBI has arrested NS8’s CEO following its $100+ million summer financing – TechCrunch
It would be premature to comment further at this time.” Lightspeed Ventures helped lead NS8’s $123 million Series A this June. Other investors include Edison Partners, Lytical Ventures, Sorenson Ventures, Arbor Ventures, Hillcrest Venture Partners, Blu Venture Investors and Bloomberg Beta, per Crunchbase data. “While raising over $100 million from investors for his fraud prevention company, Rogas himself allegedly was engaging in a brazen fraud. Over the same period Rogas altered bank statements to reflect $40 million in revenue that simply was not there, according to the Justice Department’s allegations. Rogas managed to hoodwink not just the investment firms, but the auditors who were conducting due diligence on their behalf.