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Securities,
Criminal

Sep. 25, 2024

Former SKAEL CEO indicted on securities and wire fraud charges

Baba Nadimpalli, former CEO of SKAEL Inc., faces securities and wire fraud charges for allegedly misleading investors about the company's financial metrics and revenue.

Baba Nadimpalli, founder and former CEO of SKAEL Inc., has been indicted by the Department of Justice in San Francisco on securities and wire fraud charges for allegedly defrauding investors by falsifying the company's revenue and financial data.

Nadimpalli, an Australian, led SKAEL from its founding in 2016 until July 2022. The San Francisco-based company, which provides artificial intelligence and automation software, raised more than $40 million in three rounds of financin...

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