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On Rogas Charged With NS8 Security Fraud Judge Cronan Set May 2 Trial Now March 16 Plea

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, March 16 –  Adam Rogas was arraigned on October 15, 2020 on charges of securities fraud in connection with the cyber-fraud prevention firm he headed, NS8. 

  U.S. District Court for the Southern District of New York Judge John P. Cronan held the arraignment. Inner City Press covered the proceeding, the first it had by Judge Cronan, a former acting United States Assistant Attorney General for the United States Department of Justice Criminal Division. 

 That issue quickly arose. Judge Cronan told the parties that he had not worked on Rogas' case while at DOJ in Washington, but gave them two weeks to make any motion they see fit.

 He inquired into the status of discovery, and if there might be a superseding indictment.

On June 30, 2021, after Inner City Press has covered more than 60 others cases before Judge Cronan, he held another conference on Rogas - after a motion for a bill of particulars, and arguments about nexus / location. Now Judge Cronan excluded Speedy Trial Act time until the next conference on August 12.

Inner City Press also covered the August 12, 2021 conference. The case, Judge Cronan's first on the SDNY bench, was set down for trial on May 2, 2022, with the final pre-trial conference set for April 25.

On March 16, 2022, this: "ADAM ROGAS, the co-founder and former CEO, CFO, and member of the board of directors of Las Vegas-based cyberfraud prevention company NS8, Inc. (“NS8”), pled guilty today in Manhattan federal court to securities fraud.  ROGAS used fraudulent financial data to obtain over $123 million in financing for NS8, of which he personally obtained approximately $17.5 million. ROGAS pled guilty today before U.S. District Judge John P. Cronan, and is scheduled to be sentenced by Judge Cronan on August 10, 2022."

The case is US v. Rogas, 20-cr-539 (Cronan)

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