Calif. U.S. Attorney: Founder and Former CEO of Artificial Intelligence Start-Up SKAEL Charged With Securities Fraud and Wire Fraud
September 25, 2024
September 25, 2024
SAN FRANCISCO, California, Sept. 25 -- The office of the U.S. Attorney for the Northern District of California issued the following news release:
A federal grand jury indicted Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), with securities and wire fraud for defrauding investors and misleading them about the company's revenue, annual recurring revenue (ARR), and other financial and sales information.
According to an indictment fil . . .
A federal grand jury indicted Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), with securities and wire fraud for defrauding investors and misleading them about the company's revenue, annual recurring revenue (ARR), and other financial and sales information.
According to an indictment fil . . .