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Digital ad-tech firm founder sentenced to prison in US for fraud scheme

( March 20, 2025, 16:25 GMT | Official Statement) -- MLex Summary: Paul Roberts, the founder, former chief executive and chairman of Kubient, a publicly traded digital advertising technology company, was sentenced to one year and one day in prison after pleading guilty to securities fraud for his execution of a scheme to defraud investors and auditors, the US Department of Justice said. Roberts caused Kubient to improperly recognize more than $1.3 million in fraudulent revenue in financial statements at the time of its initial public offering and made material misrepresentations about the efficacy of the company's proprietary fraud detection tool, prosecutors said.Statement follows below:...

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