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Elkan Abramowitz and Jonathan Sack Elkan Abramowitz and Jonathan Sack

The indictment against your client reads in relevant part as follows: “In or about and between January 2019 and February 2020, the defendants, JOHN DOE and JANE DOE, co-owners of Acme Technology Co., made materially false and misleading statements and omissions to investors regarding, among other things, (i) the current and future revenues of Acme; (ii) the sales forecasts for Acme’s main product; (iii) the amount of debt on Acme’s balance sheet; and (iv) the executive compensation owed to the defendants.” Such broadly worded charges, which describe the nature of the crime but do not identify specific misstatements, are common in fraud prosecutions.

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