GigaMedia Access Corporation (Giga) Founder Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission charged Robert Bernardi, founder and former CEO of GigaMedia Access Corporation (Giga), Nihat Cardak, former CFO of Giga, and Sunil Chandra, Giga’s former VP of Business Development, with fraudulently raising tens of millions from investors.
The SEC’s complaint alleges that Bernardi and Cardak told potential investors and lenders that Giga had revenues over $50 million, a solid balance sheet with at least $18 million in available cash, and a promising new product that already had many customers. In reality, according to the complaint, Giga had revenues of a little over $1 million, less than $1 million in available cash, and far fewer customers than it represented to investors. The complaint alleges that Bernardi and Cardak fabricated documents to support their false statements. The complaint further alleges that after an investor requested to speak with a Giga customer, Bernardi arranged for the investor to speak with Chandra, who pretended to be an employee at a company Bernardi claimed was a Giga customer. Bernardi and Cardak, with Chandra’s assistance, allegedly raised more than $37 million in debt and equity from investors through these false representations. A portion of the funds allegedly went to Bernardi’s children.
Investors in GigaMedia Access Corporation (Giga) May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in GigaMedia Access Corporation (Giga), Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in GigaMedia Access Corporation (Giga), and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.