SEC v. NDB, Inc. and Nima Golsharifi

NDB, Inc. and Nima Golsharifi allegedly conducted an offering fraud by making materially false and misleading statements in a company press release. According to the SEC, NDB and Golsharifi allegedly raised over $1.2 million from investors after falsely claiming in an August 25, 2020 press release that NDB had successfully tested its battery technology at two preeminent laboratories in the United States and United Kingdom, and that NDB had signed its first two beta customers. The SEC's complaint alleged that these claims were false and misleading because NDB had not tested its battery technology at either laboratory and NDB had not signed any beta customers at the time of the press release.

Summary generated from official Securities and Exchange Commission press release