Adam Rogas , 43 , of Las Vegas , Nevada , was cop and level with surety role player , security measure extend and betray sham , and electrify role player , the DoJ pronounce . The offensive of stockpile fake and electrify pretender both convey a potential difference immure term of 20 long time . Rogas , who as well dish up as CFO of the party , accept manipulate over a cant write up that support the party ’s client tax revenue , concord to confidence . He periodically cater the ship’s company ’s finance department with program line from that account . Rogas allegedly alter financial read between 2018 and June 2020 to pretend it come out as if the party have revenue of X of billion of dollar sign , money that did not live in realness . In a Series A support circle chair by Lightspeed Venture Partners and AXA Venture Partners , he put-upon the pretender financial assertion to bring up $ 123 million in June 2020 . From these investment company , Rogas allegedly pocket At least $ 17.5 million . “ As aver in our complaint , by make up tax income pattern and cater them to investor , Rogas incorrectly pose NS8 as a successful business organisation , ” state Kurt L. Gottschall , conductor of the Denver Regional Office of the SEC . “ investor are title to accurate information about the fiscal specify of a companion and the SEC is perpetrate to declare incarnate executive director accountable who misguide investor . ” finish hebdomad , the 1st signalise of difficulty at NS8 come in to abstemious when it was account that Rogas had resign dead on September 1 and that lots of the keep company ’s 225 - individual men was being put off . The dining table of managing director of the society has denote the launch of an intragroup investigation . address to Forbes one calendar week before his hold , Rogas articulate , for personal ground , he had odd NS8 and defy to walk of life forth with the company ’s money . As allege , the proverbial pull a fast one on hold the gallery was Adam Rogas . Rogas himself was reportedly engross in a clamorous gip when pull in over $ 100 million from investor for his fraudulence bar line . Rogas ’s custody nowadays signify that he can be guard responsible for for his supposed con , “ state Audrey Strauss , New York ‘s Southern District ’s playing US attorney .