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Alleged $1.3M Scam: NY Man, Kubient CEO Accused Of Accounting Fraud, Misleading Investors Alleged $1.3M Scam: NY Man, Kubient CEO Accused Of Accounting Fraud, Misleading Investors
Alleged $1.3M Scam: NY Man, Kubient CEO Accused Of Accounting Fraud, Misleading Investors A New York resident who was the chief executive officer of digital advertising technology company Kubient fabricated documented and misled investors and auditors, according to federal authorities. The scheme by Long Island resident Paul Roberts, age 48, of Melville caused Kubient to improperly recognize more than $1.3 million in fraudulent revenue in Kubient’s financial statements at the time of the company's initial public offering, according the United States Attorney for the Southern District of New York Damian Williams. Roberts was charged this with one count of securities fra…

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by Joe Lombardi
Schools
Chappaqua CSD Didn't Properly Monitor, Account For Fixed Assets, State Comptroller Says Chappaqua CSD Didn't Properly Monitor, Account For Fixed Assets, State Comptroller Says
Chappaqua CSD Didn't Properly Monitor, Account For Fixed Assets, State Comptroller Says A school district in Northern Westchester was found to have maintained inaccurate records of fixed assets by an audit performed by state officials.  The audit, performed by the Office of the New York State Comptroller between July 2020 and April 2022, found that the Chappaqua Central School District did not "properly monitor and account for" several fixed assets, and had not performed a physical inventory count since 2018, state officials said.  According to a report released by the Comptroller's Office, of the 164 assets reviewed by the audit, 148 assets totaling over $220,0…

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by Ben Crnic