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4 days ago · In a significant development that has sent shockwaves through the technology and startup landscape, Baba Nadimpalli, the founder and former CEO of SKAEL, Inc., has been indicted on multiple charges of securities fraud and wire fraud.
3 days ago · Nadimpalli is accused of deceiving investors as well as his own financial director, who was hired in June 2021. It's claimed he passed falsified banking documents to the new hire and prepared a slide deck that contained false claims that numerous companies were paying customers of Skael.
5 days ago · SAN FRANCISCO – 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.
5 days ago · Baba Nadimpalli, 41, an Australian citizen who served as chief executive of the software-as-a-service company SKAEL from 2016 to 2022, was charged with three counts of securities fraud and seven...
4 days ago · The co-founder of business automation startup Skael has been accused of illegally inflating its revenues. Baba Nadimpalli, who had also been the CEO of the defunct company, was indicted Tuesday...
5 days ago · Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc., is charged with securities and wire fraud for allegedly defrauding investors and misleading them about the company's revenue, and other financial and sales information.
5 days ago · The SEC filed an action alleging that from January 2021 through February 2022, Nadimpalli “raised more than $30 million from investors by falsely claiming that SKAEL had millions of dollars in annual recurring revenue, more than 10 times the true amount.”
