Drexler, the company’s former CEO, was accused of misleading investors about the company’s financial health and failing to properly disclose control issues.

Law and Forensics provided expert digital forensics services, focusing on ensuring the transparency and integrity of the discovery process. Their analysis was critical in reviewing digital evidence linked to fraudulent financial practices, helping clarify the complex technical aspects of the case. The firm’s contribution supported the SEC’s pursuit of civil penalties and injunctive relief against Drexler.

In its decision, the SEC noted that accurate and honest financial disclosures are crucial for market integrity, and Drexler’s failures undermined investor confidence.

CITATION: SEC v. Drexler, No. 2:23-cv-05102 (C.D. Cal. filed June 27, 2023).

For more information, read the official SEC press release.