Insights & Regulatory Updates

Start-Up AI and Robotics Company and CEO Face SEC Charges for Investor Fraud
Anderson Insights K. Braeden Anderson Anderson Insights K. Braeden Anderson

Start-Up AI and Robotics Company and CEO Face SEC Charges for Investor Fraud

In a recent enforcement action, the Securities and Exchange Commission (SEC) charged Destiny Robotics Corp., a start-up specializing in artificial intelligence (AI) and robotics, along with its founder and CEO, Megi Kavtaradze, for allegedly defrauding investors through false and misleading statements about the company’s operations and products.

Read More
Key Takeaways from SEC Fraud Charges Against the Kubient Officers
SEC Litigation Update K. Braeden Anderson SEC Litigation Update K. Braeden Anderson

Key Takeaways from SEC Fraud Charges Against the Kubient Officers

In early October, the Securities and Exchange Commission (SEC) filed accounting fraud charges in the U.S. District Court for the Southern District of New York against the CEO, CFO, and Audit Committee Chair of Kubient, Inc. Kubient, a technology company that claims to employ artificial intelligence to detect fraud in digital advertising, is now at the center of an enforcement action highlighting serious governance failures at the highest levels of management.

Read More
SEC Charges Accountant Olayinka Oyebola and His Firm With Aiding and Abetting Massive Fraud
SEC Enforcement Update K. Braeden Anderson SEC Enforcement Update K. Braeden Anderson

SEC Charges Accountant Olayinka Oyebola and His Firm With Aiding and Abetting Massive Fraud

The Securities and Exchange Commission (SEC) has taken significant enforcement action against Olayinka Oyebola and his accounting firm, Olayinka Oyebola & Co. (Chartered Accountants), alleging their role in a sprawling securities fraud orchestrated by Mmobuosi Odogwu Banye, a businessman with an ambitious—and, it turns out, fictitious—empire of U.S.-based companies.

Read More