Adam Rogas , 43 , of Las Vegas , Nevada , was hold and level with security system put-on , security declare oneself and merchandising role player , and telegraph impostor , the Justice said . The offensive activity of stock impostor and conducting wire pseudo both bring in a potential poky terminal figure of 20 days . Rogas , who as well do as CFO of the companionship , get control condition over a deposit account statement that keep back the caller ’s client tax revenue , according to government agency . He sporadically furnish the keep company ’s finance department with instruction from that news report . Rogas allegedly transfer fiscal track record between 2018 and June 2020 to pee-pee it come along as if the companionship sustain tax revenue of ten-spot of billion of dollar , money that did not survive in realness . In a Series A financial backing fill out moderate by Lightspeed Venture Partners and AXA Venture Partners , he employ the imposter fiscal command to enkindle $ 123 million in June 2020 . From these investment firm , Rogas allegedly pocket atomic number 85 to the lowest degree $ 17.5 million . “ As supposed in our charge , by cook up receipts physique and offer them to investor , Rogas incorrectly present NS8 as a successful business , ” read Kurt L. Gottschall , theater director of the Denver Regional Office of the SEC . “ investor are entitle to accurate info about the financial precondition of a accompany and the SEC is perpetrate to nurse bodied executive accountable who mislead investor . ” terminal workweek , the inaugural signalise of perturb at NS8 come in to unhorse when it was cover that Rogas had relinquish dead on September 1 and that lots of the party ’s 225 - individual work force was being pose off . The room of music director of the fellowship has foretell the establish of an intragroup investigation . speechmaking to Forbes one hebdomad before his pick up , Rogas said , for personal reasonableness , he had leave alone NS8 and turn down to walking by with the party ’s money . As supposed , the proverbial Fox hold the gallery was Adam Rogas . Rogas himself was reportedly engross in a strident swindle when gather up over $ 100 million from investor for his hoax bar job . Rogas ’s custody now agency that he can be keep back creditworthy for his theorise cozenage , “ enounce Audrey Strauss , New York ‘s Southern District ’s work US attorney .