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SEC Charges Former CEO of Tech Startup SKAEL With $30 Million Fraud
September 25, 2024
WASHINGTON, Sept. 25 -- The Securities and Exchange Commission issued the following news release on Sept. 24, 2024:

The Securities and Exchange Commission today announced fraud charges against Baba Nadimpalli, the co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software.

According to the SEC's complaint, from January 2021 through February 2022, Nadimpalli raised more than $30 million from . . .

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