Securities Fraud Investigation Into Netcapital Inc. (NCPL) Announced — Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
For best results when printing this announcement, please click on link below: Securities Fraud Investigation Into Netcapital Inc. (NCPL) Announced — Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz The Law Offices of Frank R. Cruz announces an investigation of Netcapital Inc. (“Netcapital” or the “Company”) (NASDAQ: NCPL ) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON NETCAPITAL INC. (NCPL), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is the Investigation About? On August 10, 2026, the SEC filed a complaint against Netcapital and certain senior executives alleging, among other things, that Netcapital was involved in a fraudulent scheme to overstate the revenue of Netcapital. Specifically, from approximately October 2021 through January 2024, Netcapital improperly recorded nearly $14 million in revenue from sham consulting agreements which produced no real revenue for Netcapital. The recognition of this revenue inflated Netcapital’s total revenue by approximately 345%. During this period, investors in Netcapital’s
For best results when printing this announcement, please click on link below: Securities Fraud Investigation Into Netcapital Inc. (NCPL) Announced — Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz The Law Offices of Frank R. Cruz announces an investigation of Netcapital Inc.
(“Netcapital” or the “Company”) (NASDAQ: NCPL ) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON NETCAPITAL INC. (NCPL), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is the Investigation About?
On August 10, 2026, the SEC filed a complaint against Netcapital and certain senior executives alleging, among other things, that Netcapital was involved in a fraudulent scheme to overstate the revenue of Netcapital. Specifically, from approximately October 2021 through January 2024, Netcapital improperly recorded nearly $14 million in revenue from sham consulting agreements which produced no real revenue for Netcapital. The recognition of this revenue inflated Netcapital’s total revenue by approximately 345%. 6 million.
35 on August 11, 2026, thereby injuring investors. Then on August 17, 2026, the Netcapital disclosed that its independent registered public accounting firm, Fruci & Associates II, PLLC, had resigned. 23 on August 18, 2026, thereby further injuring investors. Finally on September 3, 2026, after market close, Netcapital disclosed that on Avi Liss had resigned as a member of the Board of Directors, and from all committees of the Board, including the Audit Committee, effective immediately.
In his resignation letter, Liss stated that he was resigning “in light of the serious allegations recently asserted against the Company and certain current and former officers, directors, and other individuals” in the SEC Complaint. 58 per share on September 4, 2026. 50 per share on September 8, 2026, thereby further injuring investors. Contact Us to Participate or Learn More: If you purchased Netcapital Inc.
securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. com/FRC_LAW If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. com: The Law Offices of Frank R.
Cruz, Los Angeles Frank R. com)