CatShitTodd
Re:CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
on Friday September 18, 2020 @03:47PM (#24521151)
No, not an investor. Without giving a way too much, we are a company in the technology space. They paid us a fee per user. They paid us fees based on these fake numbers of users that they submitted to their investors. Which means they essentially over paid us what is a lot of money for our small company. We made business decisions around that money in the past and for the future. Now it looks like that not only will we get no more money, but they also want like 90% of what they paid us back.
Re:CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
on Friday September 18, 2020 @03:46PM (#24521128)
No, not an investor. Without giving a way too much, we are a company in the technology space. They paid us a fee per user. They paid us fees based on these fake numbers of users that they submitted to their investors. Which means they essentially over paid us what is a lot of money for our small company. We made business decisions around that money in the past and for the future. Now it looks like that not only will we get no more money, but they also want like 90% of what they paid us back.
Re:CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
on Friday September 18, 2020 @01:56PM (#24519862)
What is cruel is I am having to file bankruptcy because of this.
Re:CEO of Cyber Fraud Startup NS8 Arrested by FBI, Facing Fraud Charges
on Friday September 18, 2020 @01:03PM (#24519206)
> How does no one see an insanely low COGs when paying the cloud services bills, or the lack of allocated resources when looking in the management interfaces?
Big data and a flawed system. They sell a service that is based off of using integrations. If you stop paying for the integrations, you should stop receiving the service. That in turn hurts their level of service offerings.
To be of any value, they have to monitor a ton of transnational data. So even if you quit paying, they still monitored your data and their modules were flawed that is still showed their acceptance score if you stopped paying.