A man has been charged with fraud after allegedly lying to the Securities and Exchange Commission (SEC) about his data center's Tier 4 certification to secure a contract. The indictment alleges that he created a fake certification body and documents to mislead the SEC, ultimately landing a deal despite his facility lacking the required standards.
It's one thing to stretch the truth in your marketing material, but allegedly lying about your datacenter's qualities to lure the Securities and Exchange Commission as a customer is a whole other matter.
"Jain allegedly sought to enrich himself and his company at the expense of the reliability, availability, and security of the SEC's electronic data," head of the DoJ's criminal division Nicole M Argentieriof the case."Yesterday's charges make clear that the Criminal Division will not tolerate fraud schemes that threaten the security of the government's electronic data.
"The SEC experienced several issues with datacenter, including issues with security, cooling, and power – all of which were subjects of the standard referenced in the fraudulent Uptime Council certification letters," the DoJ revealed in a press release about the indictment.
Data Center Fraud Securities And Exchange Commission (SEC) Certification Uptime Council
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