November 19, 2025
Pillsbury Winthrop Shaw Pittman LLP on Wednesday urged the Second Circuit to allow it to keep a $4 million advance payment retainer from the since-convicted former CEO of a bankrupt cybersecurity company, but the law firm conceded it should have clarified its rights after the government sought an asset freeze.
September 09, 2024
The co-founders of a now-bankrupt cybersecurity firm have agreed to pay nearly $1.6 million to end the U.S. Securities and Exchange Commission's claims that they used doctored financial records to convince investors to fund their company to the tune of $100 million.
March 15, 2024
A New York federal judge determined that the U.S. Securities and Exchange Commission has sufficiently alleged that the co-founder of a now-bankrupt cybersecurity company raked in over $6.2 million in ill-gotten gains by participating in a fraudulent securities scheme that defrauded investors of over $100 million.
November 03, 2022
A Manhattan federal judge sentenced a Nevada programmer and former CEO to five years in prison Thursday for a "brash" course of lies and fraud while running a cyberfraud prevention startup that went bankrupt despite $123 million of investor backing.
September 17, 2020
The founder and former CEO of a Las Vegas cyber fraud prevention company is facing charges of securities and wire fraud for allegedly falsifying bank statements by up to $60 million at a time to spur investors into providing $123 million in two funding rounds, according to federal prosecutors.