See the complete profile on LinkedIn and discover Venkat’s connections and jobs at similar companies. (Chemical) from NIT, Warangal, has 42 years of total experience from Management Trainee to CEO, Director and Advisor. Venkat Changavalli is an MBA from IIM, Ahmedabad and B.Tech. Longfin’s former consultant Andy Altahawi was also included in the action for “fraudulently securing the company’s listing on Nasdaq.”In April of 2018, the SEC filed an injunction freezing more than $27 million in Longfin assets alleging illegal trading proceeds from unregistered distributions of Longfin stock.Longfin CEO Venkat Meenavalli soon found himself on CNBC defending his company and the rapid rise in valuation.The SEC’s complaint alleges that Longfin and Meenavalli obtained qualification for a Reg A+ offering by falsely representing in SEC filings that the company was principally managed and operated in the U.S. when, in fact, the company’s operations, assets and management remained offshore. )The gains followed Friday's news the company was buying Ziddu.com, which says it's a microlending company using the same blockchain technology as bitcoin.
The company was worth $220 million in its debut of around $5 a share.
Shares of little-known financial technology company Longfin surged 1,342 percent in two days to a market value of $3.1 billion after buying a cryptocurrency company with no revenue.To many, it was a textbook case of the mania surrounding digital currencies these days. In case you can’t find any email from our side, please check the spam folder. In fact, Meenavalli allegedly owned or controlled several entities that purportedly did business with Longfin, and did not disclose those relationships to Longfin's shareholders or the investing public," federal prosecutors said. Fast-growing real estate technologystartup, Nada, has just launched its$2mm seed-round of fundraising.
LongFin Corp. Chief Executive Officer Venkat Meenavalli’s defense of the fintech company may have done more harm than good for the firm, which … As social distancing forces millionsinto isolation, Fin.do’s instantmoney transfer infrastructure proveskey for people worldwide to continuesupporting their loved ones. The company was suspended last week from trading on the Nasdaq Stock exchange, according to a statement by the regulator. The Securities and Exchange Commission (SEC) has added new fraud charges against Longfin Corp. and its CEO for falsifying the company’s revenue. Longfin CEO Venkat Meenavalli Speaks Out On SEC Investigation | CNBC Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. New York-based Longfin went public on the Nasdaq on Dec. 13. NEWARK, N.J. – The CEO of a publicly traded commodities trading company has been indicted for allegedly orchestrating an accounting scheme to defraud investors and others by recognizing more than $66 million in fake revenue in the company’s public filings, U.S. Attorney Craig Carpenito announced today.
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