https://www.theregister.co.uk/2018/07/23/sec_quadrant_4/

An investor in an IT biz has coughed up $456,000 after America's financial watchdog accused him of looking the other way while executives at the consultancy he backed allegedly embezzled millions of dollars.

Late last week, Bhusan Dandawate was charged [PDF] by the SEC with allegedly aiding and abetting fraud – after he was said to have let Quadrant 4 CEO Nandu Thondavadi and CFO Dhru Desai cook the company's books to steal more than $4.1m between 2015 and 2016.