WebFeb 14, 2024 · On January 28, 2024, the Commission announced that it had settled fraud charges with a Silicon Valley technology startup, HeadSpin, Inc. (HeadSpin), without … WebAug 25, 2024 · Washington, D.C.-- (Newsfile Corp. - August 25, 2024) - The Securities and Exchange Commission today charged Manish Lachwani, the former CEO of HeadSpin Inc., a Silicon Valley-based private technology company, with defrauding investors out of $80 million by falsely claiming that the company had achieved strong and consistent growth …
SEC Announces Settlement Of Fraud Case Without Requiring …
WebFeb 8, 2024 · This is not the first time the SEC has examined HeadSpin and made news. On August 25, 2024, the SEC charged Lachwani with "defrauding investors out of $80 million by falsely claiming that the company had achieved strong and consistent growth in acquiring customers and generating revenue." WebSep 2, 2024 · HeadSpin CEO resisted hiring CFO while inflating ARR, SEC says Manish Lachwani dictated company financials to its bookkeeper and manipulated invoices and other documents to support fabricated numbers, the Securities and Exchange Commission alleges. Published Sept. 2, 2024 Robert Freedman Lead Editor Screengrab/CFO Dive, … menu for chemotherapy patients
HeadSpin CEO replaced, funds to be returned, after financial …
WebOn January 28, 2024, the U.S. Securities and Exchange Commission ("SEC") announced a settled fraud case with HeadSpin, Inc., a technology start-up, that allegedly engaged in a … WebJan 28, 2024 · SEC rewards technology company’s remediation efforts with penalty-free settlement On January 28 2024, the US securities and Exchange Commission … WebFeb 7, 2024 · However, the SEC only seeks an order enjoining HeadSpin from future violations of Section 10(b) of the Exchange Act, Rule 10b-5, and Section 17(a) of the Securities Act. how much would my investment be worth today