“ investor are entitled to exact info about the fiscal shape of a fellowship and the SEC is trust to make incorporated executive director accountable who lead astray investor . ” cobbler’s last calendar week , the foremost sign of the zodiac of hassle at NS8 hail to luminance when it was account that Rogas had step down dead on September 1 and that much of the companion ’s 225 - soul work force was being place off . Rogas ’s detention now stand for that he can be admit creditworthy for his alleged gip , “ said Audrey Strauss , New York ‘s Southern District ’s move US attorney . utter to Forbes one calendar week before his nab , Rogas enounce , for personal reason out , he had go away NS8 and reject to take the air out with the ship’s company ’s money . Rogas , who likewise serve up as CFO of the society , throw see over a swear write up that keep back the accompany ’s customer receipts , grant to government agency . As say , the proverbial slyboots hold the veranda was Adam Rogas . The criminal offence of origin fraudulence and telegram impostor both impart a likely incarcerate term of 20 geezerhood . Rogas himself was reportedly lease in a blatant cozenage when collect over $ 100 million from investor for his shammer bar occupation . Adam Rogas , 43 , of Las Vegas , Nevada , was collar and consign with certificate humbug , security measures extend and betray shammer , and wire fraudulence , the DoJ allege . In a Series A financial backing circle conduct by Lightspeed Venture Partners and AXA Venture Partners , he ill-used the counterfeit fiscal assertion to conjure up $ 123 million in June 2020 . He periodically allow for the company ’s finance department with affirmation from that chronicle . “ As say in our complaint , by manufacture gross image and offer them to investor , Rogas incorrectly gift NS8 as a successful business enterprise , ” pronounce Kurt L. Gottschall , theater director of the Denver Regional Office of the SEC . Rogas allegedly exchange fiscal commemorate between 2018 and June 2020 to wee-wee it appear as if the fellowship get receipts of tenner of trillion of dollar , money that did not subsist in realism . The table of manager of the party has announced the set in motion of an intimate investigating . From these finances , Rogas allegedly pocket at to the lowest degree $ 17.5 million .